In an oligopoly, a firm’s minimum efficient scale is large relative to the market.
Answer the following statement(s) true (T) or false (F)
Answer: True
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Refer to Table 20-1. The labor force participation rate for this simple economy equals
A) (1,100/15,000 ) × 100. B) (1,000/15,000 ) × 100. C) (1,000/1,100 ) × 100. D) (1,100/20,000 ) × 100.
When a government defaults on its obligations, the event is called a
A) sovereign default. B) magisterial default. C) private default. D) sudden stop default. E) national default.
A advantage of using swaps to hedge interest-rate risk is that swaps
A) are less costly than futures. B) can be written for long horizons. C) are not subject to default risk. D) are more liquid than futures.
Briefly explain one function of financial instruments that can make them very different from money.
What will be an ideal response?