Which of these is a coincident economic indicator?
a. The demand for plant and machinery
b. Personal income
c. Real estate growth
d. The interest rate
e. The unemployment rate
b
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If a consumer's income increases and if all goods are normal goods, explain how the quantity bought of each good changes
What will be an ideal response?
The Montreal Protocol is expected to save the ozone layer
Indicate whether the statement is true or false
If government intervention in the market creates market inefficiencies then
A) there is government failure. B) market failure. C) network externalities. D) the economy must be democratic.
Which of the following is not a condition for perfect competition to exist:
a) There are a small number of firms in the industry. b) All firms are producing the same product. c) It is easy to either enter or exit the industry. d) All of the above apply.