Which of the following is not an oligopolist?
A. The cigarette industry
B. Your local water company
C. The automobile industry
D. OPEC
B. Your local water company
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If the interest rate is 5% then the net present value of these cash flows is
a. $6,020.41 b. $7,380.95 c. -$7,380.95 d. $10,000
Which of the following will lead to a decrease in the equilibrium interest rate in the economy?
A) an increase in the price level B) a sale of government securities by the Fed C) a decrease in GDP D) an increase in the discount rate E) an increase in the reserve requirement
The fastest-growing part of the federal budget is
A) national defense. B) payments for services rendered. C) entitlements. D) government salaries.
The effect of imposing a minimum wage rate on the quantity of labor employed is
a. greater the less elastic is the demand for labor b. greater the less elastic is the supply of labor c. zero if the minimum wage rate is above the equilibrium wage rate d. greater the more elastic is the demand for labor e. greater the closer the minimum wage is to the equilibrium level