Chronic trade deficits lead to a growing national debt
a. True
b. False
Indicate whether the statement is true or false
True
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The question "Should we produce LCD televisions or computer monitors?" is an example of a ________ question
A) how B) what C) why D) where E) for whom
What is the typical effect of government actions, such as laws and regulations, that impose barriers of entry to oligopolistic markets?
a. The actions benefit consumers by lowering prices on goods and services. b. The actions protect the quality of goods and services that are sold. c. The actions prevent the formation of monopolies. d. The actions encourage greater competition.
The price elasticity of demand for any particular perfectly competitive firm's output is
A) less than 1. B) 1. C) equal to zero. D) infinite.
Why do oligopoly firms find it difficult to cooperate and not cheat on a cartel agreement?
What will be an ideal response?