Unlike oligopoly, other market structures are such that
a. profits are usually low or nonexistent
b. firms in those structures need not observe each other to make price and production decisions
c. collusion within the structures is easy to accomplish because firms try to avoid competition
d. prices tend toward a stable equilibrium
e. there are more firms in every other structure
D
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The U.S. Constitution stipulates that when government uses its takings powers to acquire land for a project,
A) the government must own and operate the completed project. B) the government can resell the land to a private developer. C) the government must turn over the land to state or city governments. D) none of the above
Other things being equal, an increase in the default risk of corporate bonds shifts the demand curve for corporate bonds to the ________ and the demand curve for Treasury bonds to the ________
A) right; right B) right; left C) left; right D) left; left
Banks will be examined at least once a year and given a CAMELS rating by examiners. The L stands for
A) liabilities. B) liquidity. C) loans. D) leverage.
A trade surplus occurs when
A. the value of imports is less than the value of exports. B. consumption is greater than disposable income. C. government spending is less than total tax revenue. D. none of these.