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Which of the following is true about perfect competition?
a. In perfect competition, a firm's accounting profit is the same as its economic profit.
b. In perfect competition, each firm can set its own prices in the market.
c. In a perfectly competitive market, a firm's long-run economic profit is zero.
d. In a perfectly competitive market, each firm faces a downward sloping demand curve.
Assume that b=1 and that initially the real interest rate is equal to the marginal product of capital at 4%. As well, assume that v=1/2 and that the inflation rate last period was 2%. If the housing bubble busting causes the share of output of invest..
A regulated natural monopoly has the following data: if the firm is ordered to price its good so that there is locative efficiency then the firm will have?
A decrease in the Discount Rate is an indication that monetary policy is contractionary.
Which is the proper cite for the Code of Federal Regulations?
The Convergence of Healthcare Financing and Economic Trends and Forces Note: Use the textbook, course readings, Strayer online library, and other reputable online sources to complete this assignment. Prepare a fifteen to twenty (15 to 20) slide Mi..
Some firms with monopoly power are more focused on market share, size and influence in the economy. This is particularly true if there is a tendency for ownership (stockholders) and control (managers) to be separated. These firms sometimes are willin..
Treasury funds national debt by a mix of T-bills, T-notes, and T-bonds with maturities of 10-30 years. During President Clinton's administration Treasury proposed that by issuing more T-bills
Assume the return on a 1 year domestic bank CD equals 3%. The return on a 1 year European bank CD equals 5%. Assume there is no default risk and no other transactions to prevent exchange rate risk. If the euro is expected to depreciate by 4%, a saver..
Identify economic forecasts for real GDP, the unemployment rate, the inflation rate, and a key interest rate. What do your forecasts imply about the relative strength of the economy over the next two years.
At prompting of United States, Japan relaxed restrictions and allowed companies to invest anywhere in world. What effect do you think this had on yen/dollar exchange rate and trade balance between two countries.
What amount would these two transactions add to personal consumption expenditures and thus to GDP during the year?
Which of the following will never be negative in economic theory?
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