Social equality implies the absence of class stratification
Indicate whether the statement is true or false
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An market in which the Herfindahl-Hirschman Index (HHI) is 2,500 is considered to be
A) an oligopoly. B) monopolistically competitive. C) a monopoly. D) perfectly competitive.
Which of the following functions is NOT performed by any of the twelve regional Federal Reserve Banks?
A) check clearing B) conducting economic research C) setting interest rates payable on time deposits D) issuing new currency
Fred lost his factory job, replaced by welding robots. He has now given up looking for work. Fred is: a. Not unemployed
b. Frictionally unemployed. c. Structurally unemployed. d. Cyclically unemployed.
Refer to the accompanying figure. The opportunity cost of making an additional salad:
A. decreases as the number of salads increases. B. increases as the number of salads increases. C. decreases as the number of pizzas decreases. D. remains constant regardless of how many salads are made.