Which of the following is NOT a cause for an oligopoly to exist?
A) economies of scale
B) structural dependence
C) barriers to entry
D) horizontal mergers
Answer: B
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Real wages increased in industrialized countries in the twentieth century because the demand for labor:
A. increased more slowly than the supply of labor increased. B. decreased, while the supply of labor increased. C. increased more rapidly than the supply of labor increased. D. increased, while the supply of labor decreased.
The three accounts used to measure the balance of trade are the ________ account, the ________ account and the ________ account.
A. financial, reserve, current B. current, capital, reserve C. current, reserve, financial D. current, financial, capital
While China's exports are consistent with the predictions of the Heckscher-Ohlin theory, China's imports are not.
Answer the following statement true (T) or false (F)
Assume we have a stock currently worth $100. We also assume the interest rate is zero, and we can buy options for this stock with a strike price of $100. If the stock can rise or fall by $5 with equal probability over the option period, and the option cannot be exercised until the expiration date, what is the time value of the option?
A. $5 B. $10 C. $0 D. None of the answers is correct.