According to your authors, the "Great Recession" that began in 2008 is evidence of
A) an unstable free market system.
B) rampant greed among entrepreneurs.
C) a cluster or accumulation of errors.
D) antagonistic interests among the propertied and nonpropertied classes.
E) all of the above.
C
You might also like to view...
The amount by which consumption increases when disposable income increases by $1 is called:
A. the consumption function. B. autonomous expenditure. C. an automatic stabilizer. D. the marginal propensity to consume.
Entitlements are government programs for which _____
a. funds are provided for those who meet the eligibility requirements b. funds are appropriated to an agency in one lump sum c. social services are provided d. b and c
Suppose the accompanying table describes the relationship between price and quantity demanded for a monopolist. QuantityPrice1$102$93$84$75$66$57$48$3If the marginal cost of producing each unit of output is $5, then this monopolist maximizes its profit by charging ________ per unit.
A. $5 B. $6 C. $8 D. $3
Oligopolies can result from any of the following EXCEPT
A. government regulation. B. economies of scale. C. vertical mergers. D. diseconomies of scale.