Which is an example of a differentiated oligopoly?
A. The beer industry.
B. The cement industry.
C. The primary aluminum industry.
D. The polyester fiber industry.
Answer: A
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Resources include
A. land, labor and money. B. entrepreneurship and capital. C. capital and money. D. corporations and partnerships.
Real wages usually lag behind the increases in labor productivity.
Answer the following statement true (T) or false (F)
The traditional Keynesian approach to fiscal policy assumes that
A) an equal income distribution ensures a stable economy. B) consumers spend more when their incomes are higher. C) cutting taxes is a more effective way to stimulate the economy than is increasing government spending. D) the effect of unemployment compensation is to destabilize the economy.
A rightward shift in the money supply curve is likely to produce a rightward shift in the money demand curve
a. True b. False Indicate whether the statement is true or false