Ans: D. imperfect competition.
The market structure that lies between competition and monopoly.
A. increasing returns to scale.
B. intra-industry trade.
C. inter-industry trade.
D. imperfect competition.
Economics
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Refer to the graph below for the United States economy. The Growth trend line for the United States is a real GDP growth rate of a little over
a. 1 percent.
b. 3 percent.
c. 5 percent.
d. 7 percent.
Economics
The supply curve for a product reflects the
a. willingness to pay of the marginal buyer. b. quantity buyers will ultimately purchase of the product. c. cost to sellers of producing the product. d. seller's profit from producing the product.
Economics
The table below shows a competitive firm's short-run production function. Labor is the firm's only variable input, and market price for the firm's product is $2 per unit.
If the wage rate is $200, how many units of labor will the firm employ?
A. 3 B. 4 C. 5 D. 6 E. 0, the firm shuts down
Economics
Which of the following best describes a fiscal policy tool?
A. government spending B. bank lending C. financial capital markets D. household spending
Economics