The money demand curve shifts to the right whenever there is a decrease in the interest rate
a. True
b. False
Indicate whether the statement is true or false
False
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Refer to Table 19-6. Consider the table of production and price statistics for a small economy in 2013. If the economy only produces the four goods listed below, what is GDP for 2013?
A) $428,000 B) $267,000 C) $24,000 D) $1,424
Efficient markets:
A. maximize total surplus. B. can occur without a central planner. C. occur when a perfectly competitive, well-functioning market is in equilibrium. D. All of these are true.
Which of the following is NOT a firm-specific advantage of an MNE?
A. Native understanding of local customs B. Patented technology C. Marketing capabilities D. Superior management technique
Even if entry is easy, oligopolists possess sufficient market power so that profits are assured in the long run
a. True b. False Indicate whether the statement is true or false