An example of a stock variable in economic theory will be:
a. the amount of money saved by an individual each week.
b. the amount of money spent on buying gasoline each month.
c. the weekly grocery bill of an average household.
d. the total value of the government bond held by an individual.
e. the total fiscal spending during a particular quarter.
Question 2
Which of the following is always a characteristic of the oligopoly market structure?
a. Many sellers, each small in size relative to the overall market.
b. Few sellers.
c. All sellers produce identical products.
d. Easy, low-cost entry and exit.
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