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Author Question: In the new Keynesian models, a. imperfect competition comes is the result of optimizing behavior ... (Read 59 times)

ENagel

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on: Jun 30, 2018
In the new Keynesian models,
 
  a. imperfect competition comes is the result of optimizing behavior by individuals.
  b. perfect competition is assumed with respect to the product market
  c. a natural monopoly is presumed for the product market.
  d. both a and c.
  d. None of the above

Question 2

An export industry is said to exhibit increasing returns to scale when
 
  (a) a large-scale organization has significant competitive advantages over small-scale activities.
  (b) labor utilization increases by 50 percent but export output production increases by only
  20 percent.
  (c) its small-scale business activity has significant comparative advantages over large-scale productions.
  (d) use of capital increases by 10 percent leads to an increase in export production by 10 percent.


ktidd

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

(a)


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ENagel

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Reply #2 on: Jun 30, 2018
Thank you :)


ktidd

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Reply #3 on: Jun 30, 2018
Happy to help you


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