Countries gain from specializing in producing goods in which they have ________ and trading for goods in which other countries have ________

Which of the following scenarios would be most likely to cause the shift in the demand of loanable funds from D0 to D1, shown in the following diagram?

a) A decrease in investment tax credits. b) A technological advancement that increases productivity. c) A decrease in business taxes. d) The lifting of business regulations.

In order for a market to be classified as an oligopoly,

a. there must be fewer than 10 firms b. the four largest firms must have 90 percent of the market c. there must be fewer than 5 firms d. the firms must be strategically interacting e. the firms must be strategically independent