Which of the following best describes the efficiency of monopolistically competitive firms?
(i) Allocatively efficient but productively inefficient.
(ii) Neither allocatively efficient nor productively efficient.
(iii) Allocatively inefficient but productively efficient.
(iv) Both allocatively efficient and productively efficient.
Answer verification
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figure: Production Possibilities Reference: Ref 2-1
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My instructor told me the right answer and told me to explain why is the B is the right answer? If u explain I would really appreciate it!!
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11. |
Between 1990 and 2010, the number of people in the world living in poverty has: |
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been cut in half. |
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doubled. |
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increased by 50%. |
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My instructor told me the right answer and told me to explain why is the A is the right answer? If u explain I would really appreciate it!!
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According to the table, the nominal GDP for 2013 is approximate: |
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My instructor told me the right answer and told me to explain why is the C is the right answer? If u explain I would really appreciate it!!
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26. |
If the cost of a typical market basket is 400 in 2018, 410 in 2019, and 405 in 2020, then during this period the economy is undergoing: |
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My instructor told me the right answer and told me to explain why is the B is the right answer? If u explain I would really appreciate it!!
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(Table) According to the table, what is the unemployment rate of this economy? |
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My instructor told me the right answer and told me to explain why is the B is the right answer? If u explain I would really appreciate it!!
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29. |
The inflation rate is 4%. Social Security payments automatically rise by 4%. This adjustment is authorized by an: |
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Score: 0 of 1 |
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34. |
We are least likely to be heading into a recession when the National Activity Index equals: |
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My instructor told me the right answer and told me to explain why is D is the right answer? If u explain I would really appreciate it!!
