If there are many firms participating in a market, the market is either
a. an oligopoly or monopolistically competitive.
b. perfectly competitive or monopolistically competitive.
c. an oligopoly or perfectly competitive.
d. an oligopoly or a cartel.
b
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For any import quota a country imposes, there exists a tariff the country could have imposed that will have the same impact on producers and consumers.
Answer the following statement true (T) or false (F)
Suppose that domestic investment in Japan is 20.2% of GDP, and Japanese national savings is 24% of GDP. What is Japan's foreign investment as a percentage of GDP?
A) 1.19% B) 3.8% C) 27.8% D) 44.2%
As wealth decreases, which of the following is likely to account for a larger fraction of a saver's portfolio?
A) corporate stock B) corporate bonds C) U.S. government securities D) checking account balance
Those that work part-time and do not desire full-time employment are referred to as
A. Employed. B. The phantom unemployed. C. Discouraged workers. D. Underemployed.