When only a small number of producers compete with each other is a defining characteristic of
A) inelastic supply.
B) monopolistic competition.
C) efficient competition.
D) oligopoly.
Question 2
A country that during its entire history has borrowed more from the rest of the world than it has lent to it is a ________, and a country that during its entire history has invested more in the rest of the world than other countries have invested in
it is a ________. A) debtor nation; investor nation
B) borrower nation; creditor nation
C) debtor nation; creditor nation
D) net borrower nation; net lender nation
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