________ major distinguishing characteristic is that firms are interdependent.
A. Perfect competition's
B. Monopolistic Competition's
C. Monopoly's
D. Oligopoly's
Answer: D
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Refer to the table above. Eduland has a comparative advantage in ________ shoes
A) both designing and stitching B) designing C) shutting its factory D) stitching
Emissions permits allow polluters to pay for the right to pollute a specified amount.
Answer the following statement true (T) or false (F)
Using the expenditure method to estimate GDP, we would include:
A. consumption, investment, government purchases, and net exports. B. consumption, government revenues, durable goods, and net exports. C. consumption, investment, government purchases, and exports. D. consumption, investment, government purchases, and imports.
When the housing bubble occurred it can be attributed to all of the following except:
A. people expected housing prices to continue to rise. B. it became easier to leverage more of a home's value, putting buyers more into debt. C. the seller of the mortgage had lost incentive to properly assess the risk. D. homeowners lack of confidence in the institutions who made the loan to them.