Which of the following is a characteristic of an oligopolistic market structure?
A) There are few dominant sellers. B) Each firm sells a unique product.
C) Each firm need not react to the actions of rivals. D) It is easy for new firms to enter the industry.
A
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Veronica deposited $1,000 into an account two years ago. The first year she earned 7 percent interest; the second year she earned 5 percent. How much money does Veronica have in her account today?
a. $1,133.31 b. $1,120.00 c. $1,123.50 d. None of the above are correct to the nearest cent.
It is not clear if a consumption tax will lead to significantly more saving because:
A. Buisnesses will not demand addition investments so rates will be low. B. It is not clear wheather the typical household will adjust consumption in favor of more savings. C. House holds will not understand there is an incenetive to save.