The unemployment rate never falls to ________________ percent.
a. three
b. five
c. zero
d. one
c. zero
Economics
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What are diseconomies of scale and why might they occur?
What will be an ideal response?
Economics
A curve that is derived by summing horizontally individual demand curves is called:
a. aggregate demand. b. market supply. c. market demand. d. aggregate supply.
Economics
If a firm is an oligopolist, which is NOT true?
A. It is one of a relatively small number of firms dominating its industry. B. It must pay attention to other firms' prices. C. It can sell all the units it wants at the going market price. D. It is engaged in a strategic game.
Economics
Outputs in the production process are
A. money. B. resources. C. goods and services of value to households. D. pollution.
Economics