The lack of success among monopolistic competitive and oligopolistic firms to become monopolies can be attributed primarily to
a. lack of business skills
b. lack of financing
c. failure to maximize profit
d. inability to establish effective barriers to entry
e. inefficient production methods
D
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If the FOMC orders a purchase of government securities from member banks, where does the FOMC get the money to pay for the securities?
a. It creates money to pay for the securities by adding the purchase amount to the banks' reserves. b. It pays for the securities with new Federal Reserve notes. c. It borrows the necessary funds from the Treasury. d. It auctions off part of the securities it already owns.
If real interest rates rise in the United Kingdom relative to the United States, then this event is most likely to cause the British pound to:
A. Depreciate and the U.S. dollar to depreciate B. Depreciate and the U.S. dollar to appreciate C. Appreciate and the U.S. dollar to appreciate D. Appreciate and the U.S. dollar to depreciate