Interest rates rising and falling by a wide range on a regular basis often are an indication of
A. seasonal unemployment.
B. economic instability.
C. flexible capital.
D. price equilibrium.
B. economic instability.
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The absence of barriers to entry in monopolistic competition means that in the long run, firms
A) earn an economic profit. B) earn zero economic profit. C) incur an economic loss. D) earn either an economic profit or zero economic profit. E) earn either zero economic profit or suffer an economic profit.
A complete information game is a special case of an incomplete information game -- where "Nature" assigns each player a "type" with probability 1.
Answer the following statement true (T) or false (F)
Direct finance refers to the flow of funds from savers to borrowers through financial markets
Indicate whether the statement is true or false
The gap between the actual and predicted values of a dependent variable is called
A) the error term. B) an exogenous factor. C) the residual. D) an endogenous factor.