Which of the following is not a characteristic of monopolistic competition?
A) There are many buyers and sellers.
B) There are low barriers to entry.
C) Average revenue is equal to price.
D) The products sold by all firms are identical.
Answer: D
Economics
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Which of the following is a positive question?
A) What are the returns to education? B) Can a monopoly ever be good for society? C) Is there value in putting yourself in someone else's shoes? D) Are companies like Nike exploiting workers in the developing world?
Economics
The Fed-Treasury Accord of March 1951 provided the Fed greater freedom to
A) let interest rates increase. B) let unemployment increase. C) let inflation accelerate. D) let exchange rates increase.
Economics