Which of the following statements is correct?
a. Cigarettes are likely to be produced in a monopolistically competitive industry.
b. Novels are likely to be produced in a monopoly industry.
c. Movies are likely to be produced in a monopolistically competitive industry.
d. Milk is likely to be produced in an oligopoly industry.
c
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Full integration would lower the effective tax rate on capital and, therefore, lead to increased saving.
A. True B. False C. Uncertain
Refer to Table 19-19. Given the information above, calculate the GDP deflator in 2016
A) 114 B) 105 C) 95 D) 87
If reserves in the banking system increase by $100, then checkable deposits will increase by $500 in the simple model of deposit creation when the required reserve ratio is
A) 0.01. B) 0.10. C) 0.05. D) 0.20
A combination of two goods which lies beyond the production possibilities curve indicates: a. underutilization of resources
b. overutilization of resources. c. constant opportunity costs. d. a combination that cannot be produced with existing resources. e. society's most preferred combination of two goods.