In 2002, what country’s banking system went bankrupt because of a sharp depreciation of its exchange rate?

The figure above shows a production possibilities frontier. In the figure, which of the following combinations of the two goods cannot be produced with the current resources and technology?

A) 5 million cell phones and no DVDs B) 1 million cell phones and 14 million DVDs C) 4 million cell phones and 4 million DVDs D) 3 million cell phones and 5 million DVDs E) 2 million cell phones and 13 million DVDs

Product differentiation is a defining characteristic of

A) perfectly elastic demand. B) oligopoly. C) perfect competition. D) monopolistic competition.