Barriers to entering an industry ________.
A. encourage allocative efficiency
B. are characteristic of a pure monopoly
C. encourage productive efficiency
D. apply only to pure monopolies
Answer: B
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Cost-push inflation is to ________ as demand-pull inflation is to ________
A) impatience; inaccuracy B) entering; exiting C) activism; nonactivism D) fiscal; monetary E) none of the above
If nominal GDP is 8,100 billion florins and the money supply is 900 billion florins, the velocity of circulation is
a. 900.0. b. 90.0. c. 81.0. d. 9.0. e. 8.1.
The _____ is the interest rate at which banks make overnight loans to other banks
Fill in the blank(s) with correct word
In the United States:
A. African Americans have higher unionization rates than whites. B. women have higher unionization rates than men. C. managers have higher unionization rates than transportation workers. D. workers in mining have higher unionization rates than workers in government.