A market structure in which one firm makes up the entire market is:
A. perfect competition.
B. monopolistic competition.
C. an oligopoly.
D. a monopoly.
Answer: D
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Growth in the United States from 1800 to 1900 can be characterized as
A) positive and increasing. B) negative. C) positive and flat. D) positive and decreasing.
When banks fail during a financial crisis, ________
A) the removal of these weak institutions serves to strengthen the financial system B) the elimination of competitors is likely to spark a credit boom C) there is a loss of information that can cause the crisis to worsen D) surviving banks resort to financial engineering to retain customers
Domestic income has a ______ relationship with net export spending.
A. negative B. positive C. secondary D. constant
You have a choice among three options. Option 1: receive $900 immediately. Option 2: receive $1,200 one year from now. Option 3: Receive $2,000 five years from now. The interest rate is 15 percent (0.15) per year. Rank these three options from highest present value to lowest present value
a. Option 1, Option 2, Option 3 b. Option 3, Option 2, Option 1 c. Option 2, Option 3, Option 1 d. Option 3, Option 1, Option 2 e. Option 1, Option 3, Option 2