A perfectly competitive market is a market that meets the conditions of
A. few buyers and sellers, all firms selling identical products, and no barriers to new firms entering the market
B. many buyers and sellers, all firms selling differentiated products, and no barriers to new firms entering the market
C. many buyers and sellers, all firms selling identical products, and significant barriers to new firms entering the market
D. many buyers and sellers, all firms selling identical products, and no barriers to new firms entering the market
Ans: D. many buyers and sellers, all firms selling identical products, and no barriers to new firms entering the market
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A bond is
A. a claim on the assets of the corporation that gives the purchaser an ownership right in the corporation. B. the share of profits distributed to bondholders. C. a promise to pay for the use of someone else's money. D. a promise of ownership of the government. E. c and d
In a simple, private economy, suppose that the MPC is 0.8 and investment rises by $20 million. At the new equilibrium, how much will saving have increased?
A. $8 million B. $16 million C. $20 million D. $80 million E. $100 million