A firm can be the only firm in an industry and still not be a monopoly if
A. the firm is not making economic profits.
B. the firm is not large.
C. the firm produces a good that is not considered a necessity.
D. the firm produces a good similar to a good in another industry.
Answer: D
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward
The XX schedule shows how much
A) fiscal expansion is needed to hold the current account surplus at X as the currency is devalued by a given amount. B) monetary expansion is needed to hold the current account surplus at X as the currency is devalued by a given amount. C) fiscal expansion is needed to hold the current account surplus at X as the currency is evaluated by a given amount. D) fiscal and monetary expansions are needed to hold the current account surplus at X as the currency is devalued by a given amount. E) foreign funding is needed to hold the current account surplus at X as the currency is devalued by a given amount.
It is correct to say that individuals _____ preferences and groups _____ preferences
a. have; have b. do not have; have c. do not have; do not have d. have; do no have
What is the Nash equilibrium of this simultaneous game?
a. Steal, Vigilant b. Steal, Not vigilant c. Not steal, Vigilant d. The game has no Nash equilibrium