A sudden stop will be easier to navigate if the country borrows internationally in foreign currencies and lend locally in its domestic currency

Which of the following statements is true of a monopolist's supply curve?

A) The supply curve is vertical. B) The supply curve is upward sloping. C) The supply curve is downward sloping. D) A monopolist does not have a supply curve.

The market for wheat can be described at perfectly competitive while the market for pizza is better described as monopolistically competitive

Which of the following is a NOT a similarity between perfectly competitive and monopolistically competitive firms? A) Both monopolistically competitive and perfectly competitive firms produce at their efficient scale. B) Both monopolistically competitive and perfectly competitive firms are free to enter and exit the market. C) Both monopolistically competitive and perfectly competitive firms have a small market share. D) There are a large number of firms in both monopolistically competitive and perfectly competitive markets.