In the saving-investment diagram, an increase in current output would
A. shift the saving curve to the right.
B. shift the investment demand curve to the left.
C. shift the saving curve to the left.
D. not shift the curves.
Answer: A
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Refer to the scenario above. Based on the given information, we can conclude that the market for used cell phones in Barylia:
A) has asymmetric information. B) is perfectly competitive. C) is monopolistically competitive. D) has only one seller.
Which of the following is the best example of a firm that competes in a monopolistically competitive market?
A) Microsoft B) the U.S. Postal Service C) an automobile manufacturer D) a movie theater
The macroeconomic conditions during the mid-1990s confounded many economists because of the simultaneous occurrence of
a. low unemployment and decreasing inflation rates. b. low unemployment and increasing budget deficits. c. low unemployment and increasing interest rates. d. high unemployment and increasing inflation rates.
When economists describe "a market," they mean:
a. A hypothetical place where the production of goods and services takes place b. Information networks that allow individuals to keep in touch with each other c. A mechanism which coordinates actions of consumers and producers to establish equilibrium prices and quantities d. A place where stocks and bonds are traded