According to the text, "congestion" is another word for
A) confusion.
B) cost.
C) inconsiderate behavior.
D) shortage.
D
Economics
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If there is currently a recessionary gap: a. The price level will tend to rise. b. Real output will tend to rise
c. Both a. and b. will occur. d. None of the above will occur.
Economics
As inflation increases, purchasing power ______.
a. increases b. decreases c. remains constant d. falls to zero
Economics
There is an inherent tendency of a monopoly industry to
A) Lower prices and increase output. B) Inhibit productivity advances. C) Increase innovation. D) Use minimum average cost pricing.
Economics
An industry in which there are five firms each accounting for 20 percent of the market has an HHI of 2,000.
Answer the following statement true (T) or false (F)
Economics