Which of the following is not a characteristic of a perfectly competitive market structure?
A) There are a very large number of firms that are small compared to the market.
B) All firms sell identical products.
C) There are no restrictions to entry by new firms.
D) There are restrictions on exit of firms.
Answer: D
Economics
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A shift to the left by the IS curve can be achieved by all of the following, EXCEPT a(n):
A) decrease in government spending. B) increase in taxes. C) increase in the foreign interest rate. D) increase in the domestic price level.
Economics
When monetary equilibrium occurs,
A) the demand for final goods and services equals the supply of final goods and services. B) gross business investment falls to zero. C) relative prices remain constant. D) the quantity supplied of money equals the quantity demanded.
Economics