Several years ago, Alcoa was effectively the sole seller of aluminum because the firm owned nearly all of the aluminum ore reserves in the world. This market was not perfectly competitive because this situation violated the:

A) price-taking assumption.
B) homogeneous product assumption.
C) free entry assumption.
D) A and B are correct.
E) A and C are correct.

E

Economics

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________ is(are) department(s) of U.S. banks that are permitted to engage in Eurocurrency banking

A) Eurobanks B) The Paris Club C) International Banking Facilities D) Both A and C

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The table above gives a nation's government outlays and tax revenues for 2012 through 2016. During which years did the country have a budget surplus?

A. 2012 and 2013 B. 2016 only C. 2015 only D. 2014 and 2016 E. all except 2015

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