Which of the following is a first-mover advantage?
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Avoidance of clash with a dominant firm at home
What theory viewed international trade as a zero-sum game?
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Mercantilism
What are exclusive legal rights of authors and publishers to publish and disseminate
their work?
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Copyrights
Fiscal policy affects the economy when?
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In both the short and long run
Which of the following statements about oligopolies is not correct?
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Unlike monopolies and monopolistically competitive markets, oligopolies
prices do not exceed their marginal costs
Which of the following is a primary cost of FDI to host countries?
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Loss of sovereignty
Which of the following events shifts aggregate demand rightward?
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, An increase in government expenditures, but not a change in the price
level
If the demand for a product increases, then we would expect equilibrium price...?
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Snd equilibrium quantity both to increase
Monopoly firms face what?
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Downward-sloping demand curves, so they can sell only the specific price-
quantity combinations that lie on the demand curve
Which of the following industry characteristics contributes to collusion?
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Existence of an industry price leader
A difference between explicit and implicit costs is that?
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, Implicit costs do not require a direct monetary outlay by the firm, whereas
explicit costs do
When conducting an open-market sale, the Fed what?
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Sells government bonds, and in so doing decreases the money supply
Economies of scale occur when what?
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Long-run average total costs fall as output increases
A monopoly can earn positive profits because it what?
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Can maintain a price such that total revenues will exceed total costs
When there is an excess supply of money,...?
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Give this one a try later!
Avoidance of clash with a dominant firm at home
What theory viewed international trade as a zero-sum game?
Give this one a try later!
Mercantilism
What are exclusive legal rights of authors and publishers to publish and disseminate
their work?
,Give this one a try later!
Copyrights
Fiscal policy affects the economy when?
Give this one a try later!
In both the short and long run
Which of the following statements about oligopolies is not correct?
Give this one a try later!
Unlike monopolies and monopolistically competitive markets, oligopolies
prices do not exceed their marginal costs
Which of the following is a primary cost of FDI to host countries?
Give this one a try later!
Loss of sovereignty
Which of the following events shifts aggregate demand rightward?
Give this one a try later!
, An increase in government expenditures, but not a change in the price
level
If the demand for a product increases, then we would expect equilibrium price...?
Give this one a try later!
Snd equilibrium quantity both to increase
Monopoly firms face what?
Give this one a try later!
Downward-sloping demand curves, so they can sell only the specific price-
quantity combinations that lie on the demand curve
Which of the following industry characteristics contributes to collusion?
Give this one a try later!
Existence of an industry price leader
A difference between explicit and implicit costs is that?
Give this one a try later!
, Implicit costs do not require a direct monetary outlay by the firm, whereas
explicit costs do
When conducting an open-market sale, the Fed what?
Give this one a try later!
Sells government bonds, and in so doing decreases the money supply
Economies of scale occur when what?
Give this one a try later!
Long-run average total costs fall as output increases
A monopoly can earn positive profits because it what?
Give this one a try later!
Can maintain a price such that total revenues will exceed total costs
When there is an excess supply of money,...?
Give this one a try later!
