Which of the following is the best example of a monopolistically competitive market?
a. Wheat.
b. Automobiles.
c. Diamonds.
d. Retail sales.
d
Economics
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Starting from long-run equilibrium, a large tax increase will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. recessionary; lower; potential B. expansionary; lower; potential C. expansionary; higher; potential D. recessionary; lower; lower
Economics
When a nation exports a good, its ________ surplus decreases and its ________ surplus increases
A) consumer; total B) consumer; consumer C) producer; producer D) producer; consumer E) total; consumer
Economics
Productive efficiency means producing without:
a. cost. b. wages. c. waste. d. competition.
Economics
There are many reasons why monopolies arise. Which of these is not one of them?
Economics