The demand curve for the product of a monopolistically competitive firm
A. is unitary elastic.
B. is perfectly inelastic.
C. is perfectly elastic.
D. is downward sloping.
Answer: D
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If the expected gains on stocks rise, while the expected returns on bonds do not change, then
A) the demand curve for bonds will shift to the right. B) the supply curve for loanable funds will shift to the right. C) the equilibrium interest rate will fall. D) the equilibrium interest rate will rise.
Extraction costs of a nonrenewable resource include the:
A. cost of removal from the ground only. B. cost of removal from the ground plus the cost of preparation for sale. C. cost of removal from the ground, the cost of preparation for sale, and the cost of not being able to extract and sell the resource in the future. D. cost of removal from the ground plus replanting costs.
For this question, assume that the Marshall-Lerner condition does not hold. An increase in the real exchange rate will tend to cause which of the following to occur?
A) a reduction in NX and a reduction in Y B) a reduction in NX and an increase in Y C) an increase in NX and a reduction in Y D) an increase in NX and an increase in Y
Describe some of the key controversies regarding global cotton trade between high cost and low cost cotton producers
What will be an ideal response?