Aluminum competes with copper in the market for power transmission lines. This illustrates:
A. mutual interdependence.
B. differentiated oligopoly.
C. interindustry competition.
D. homogeneous oligopoly.
Answer: C
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A monopoly has ______ seller(s) in the market.
A. 0 B. 1 C. 3 D. many
People will choose to specialize and trade if they can acquire the goods they want:
A. at a lower cost than it would cost them to make the goods themselves. B. at a higher cost than it would cost them to make the goods themselves. C. from someone who is willing to trade with them. D. from a capitalistic system of exchange.
If equilibrium is present in the foreign exchange market and a nation is experiencing a trade deficit,
a. the nation must be experiencing a net capital inflow. b. the nation must be experiencing a net capital outflow. c. the nation's inflation rate must increase. d. the nation's interest rate must increase.
According to purchasing-power parity which of the following would happen if a country raised its money supply growth rate?
a. its nominal exchange rate would fall b. its real exchange rate would fall c. its real net exports would rise d. All of the above would happen.