If GDP increases, then real GDP
A. may have either increased or decreased.
B. has increased.
C. has decreased.
D. is unchanged.
A.may have either increased or decreased.
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If a competitive market operates perfectly, it relies on
A) the number of people buying goods. B) the laws of supply and demand. C) how much people are willing to pay for the products. D) how many products can be produced for sale.
Of the different types of businesses, a corporation has the ________ government rules and the ________ government regulations affecting it
A) most; most B) least; most C) least; least D) most; least
As of late 2012, what was the all-time high price for an ounce of gold?
A) $1078 B) $1780 C) $7800 D) $14,163
A monopoly advertises
A) to raise its profit. B) to decrease costs. C) dissuade entry by other firms. D) reduce deadweight loss.