Brand loyalty in monopolistically competitive markets manifests itself as
A) upward-sloping marginal cost curves.
B) downward-sloping demand curves.
C) downward-sloping marginal cost curves.
D) upward-sloping demand curves.
B
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The very existence of an insurance policy may cause people to behave in a riskier manner, which will increase the moral hazard problem
Indicate whether the statement is true or false
Economists who support a monetary rule as opposed to an activist monetary policy believe that the effectiveness lag in monetary policy is
A) short and variable, policy changes affect AD quickly and are predictable. B) zero, policy changes have an immediate effect on expenditures. C) long and variable, policy changes affect AD slowly over time and are unpredictable. D) long, but predictable.
In order to fix 1 car tire, jerry fixed 3 bicycle tires. In order to fix 1 car tire, berry fixes 5 bike tires, who has the comparative advantage
What will be an ideal response?
Andrew recently completed a degree in mechanical engineering. He has applied at several firms. How would you classify Andrew?
a. Cyclically unemployed b. Frictionally unemployed c. Not part of the labor force d. Structurally unemployed e. Both a and c