Resources are
a. scarce for households but abundant for the whole economy
b. abundant for households but scarce for the whole economy
c. scarce for households and scarce for the whole economy.
d. abundant for households and the whole economy.
c
You might also like to view...
According to Keynes,
A) prices decline as inventories increase. B) prices increase as inventories increase. C) prices decrease as inventories decrease. D) prices are sticky and will probably not respond to a change in inventories.
The ordering of market structures from most market power to least market power (where market power is the ability to set its own price) is:
a. monopoly, monopolistic competition, oligopoly, perfect competition. b. perfect competition, monopolistic competition, oligopoly, monopoly. c. oligopoly, monopoly, monopolistic competition, perfect competition. d. monopoly, oligopoly, monopolistic competition, perfect competition. e. monopoly, perfect competition, monopolistic competition, oligopoly.
Retained earnings may be a better source of funds than issuing stocks or bonds because management does not have to account for their effectiveness this way
a. True b. False Indicate whether the statement is true or false
In a long-run equilibrium, a firm in a monopolistically competitive market operates
a. where marginal revenue is zero. b. where marginal revenue is negative. c. on the rising portion of its average total cost curve. d. on the declining portion of its average total cost curve.