Which of the following is NOT a characteristic of firms in a monopolistically competitive market?

A. advertising
B. ease of entry and exit
C. existence of significant economies of scale
D. differentiated products


Answer: C

Economics

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Statistics show that 88% of all computer science majors are ________ and 86% of all architects and engineers are ________

A) men; men B) men; women C) women; men D) women; women

Economics

Robert Lucas spurred the rational expectations revolution in ________

A) the 1960s B) the 1970s C) the 2000s D) the 1880s

Economics

According to real business cycle theory, real wages are _____ correlated with employment and the portion of the population that is not in the labor market _____ with higher real wages

a. positively; rises. b. negatively, does not change. c. negatively, rises. d. positively; falls. e. none of the above.

Economics

The typical face value of a corporate bond is $1,000

Indicate whether the statement is true or false

Economics