One reason why the "fast-casual" restaurant market is competitive is that
A) consumption takes place in public.
B) demand for "fast -casual" food is very high.
C) it is trendy and therefore is likely to have a customer following.
D) barriers to entry are low.
D
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Required reserves are
A. equal to total reserves minus excess reserves. B. equal to total reserves minus checkable deposits. C. always less than total reserves. D. determined by multiplying the level of checkable deposits times the discount rate.
Which determinant shifts supply?
a. income b. prices of related goods c. technology d. tastes and preferences
In the United States, a typical worker's income peaks around age
a. 70. b. 60. c. 50. d. 40.
In the regression of y on x, the error term exhibits heteroskedasticity if _____.
A. it has a constant variance B. Var(y|x) is a function of x C. x is a function of y D. y is a function of x