There are a quarter of a million dairy farmers in the country. The best model to analyze this market is
A. monopolistic competition.
B. perfect competition.
C. oligopoly.
D. monopoly.
Answer: B
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Economic terms like “cost of living” and “price level” are important to ordinary individuals.
Answer the following statement true (T) or false (F)
Which of the following may not be true for "multiple exchange rates"?
A) They are a form of protectionism. B) They try to improve a country's BOP. C) They use different exchange rates for different international transactions. D) They are less costly to administer than floating exchange rates.
Suppose that technological advancements stimulate $20 billion in additional investment spending. If the MPC = .6, how much will the change in investment increase aggregate demand?
A. $12 billion. B. $20 billion. C. $33.3 billion. D. $50 billion.
Calculate the expected real interest rate if the nominal interest rate is 8%, the expected inflation rate is 4%, and the inflation rate is 5%.
What will be an ideal response?