Which of the following will lead to an oligopoly?
a. If the quantity demanded in the market for cell phones is equal to the quantity produced by the largest firm at the minimum point of its long-run average total cost curve
b. If the quantity demanded in the market for oil tankers is three times the quantity produced by the largest firm at the minimum point of its long-run average total cost curve
c. If the quantity demanded in the market for oil tankers is thirty times the quantity produced by the largest firm at the minimum point of its long-run average total cost curve
d. If the quantity demanded in the market for oil tankers is half the quantity produced by the largest firm at the minimum point of its long-run average total cost curve
b
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Which of the following is a microeconomic topic?
i) Gas prices increase after a hurricane hits the gulf coast. ii) Xavier starts a new business designing web pages. iii) Abby decides to practice an extra hour of soccer instead of studying. A. i, ii and iii
The increasing cost in the law of increasing cost is a(n) ____________ cost.
A. average B. fixed C. opportunity D. declining
Which of the following is NOT a criticism that has been leveled at the World Bank?
A. Despite receiving loans from the World Bank, economic growth in many client nations has been disappointing. B. Too many loans go to nations capable of privately financing their projects. C. Some countries receiving World Bank loans are net lenders of funds to other nations and so should not be receiving World Bank funds. D. Since 1990, the World Bank has loaned mostly to African countries, to the detriment of nations in other parts of the world.
In 2011, Standard & Poor's (S&P) changed its rating on U.S. Treasury bonds from ________ based on the state of the federal government's budget deficit
A) "A" to "D" B) "A" to "AAA" C) "A+" to "B+" D) "AAA" to "AA+"