Which list has market structures in the correct order from the most to the least market power?
a) Oligopoly, perfect competition, monopolistic competition, monopoly
b) Monopoly, oligopoly, monopolistic competition, perfect competition
c) Perfect competition, oligopoly, monopolistic competition, monopoly
d) Monopoly, monopolistic competition, oligopoly, perfect competition
Answer: b) Monopoly, oligopoly, monopolistic competition, perfect competition
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In the early 1970s monetary growth was relatively stable yet unemployment and prices were quite unstable. This suggests that
A) policy activism is superior to policy rules. B) government spending must have been destabilizing. C) monetary rules will not iron out every short-run fluctuation resulting from shocks. D) the government was following a monetary rule.
A basic principle in management is that where there is risk, there is ________
a. Opportunity b. Reliability c. Decision making d. Extenuating circumstances