People who focus on the "competitiveness" of the United States are
A) focusing on the right thing if the United States is to stay a leading economic power.
B) treating the United States as if it is a business firm.
C) also focusing on the importance of education.
D) correctly recognizing that trade is a zero-sum game.
B
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In the monopolistic competition model
a. firms are price takers b. barriers to entry maintain some monopoly "rents" in the long run. c. one dominant firm acts as the monopolist that is followed by the fringe of competitors. d. none of these.
If the interest rates in an economy are close to zero, _____
a. there will be an excess demand for loanable funds b. the economy will be likely to fall into a liquidity trap c. expansionary monetary policy will be effective, but not contractionary monetary policy d. contractionary monetary policy will be effective, but not expansionary monetary policy