Mutual interdependence would tend to limit control over price in which market model?
A. Monopolistic competition
B. Pure competition
C. Pure monopoly
D. Oligopoly
D. Oligopoly
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The police powers of the government include
(a) price fixing. (b) licensing. (c) inspection. (d) all of the above.
In the second quarter of 1995, the following values were observed: real GDP = 4,359.3 billion; GDP Deflator = 325.1; and M1 = 989.5 . What is the value of velocity?
a. 32.51 b. 24.31 c. 14.32 d. 2.31
Which of the following will not shift the demand for labor to the right?
A. An increase in the competitiveness of an industry B. An increase in the demand for output C. An increase in the wage rate D. An increase in the price of a competing input
The falls in the residential housing and stock markets in 2007 and 2008 resulted in a paper loss of about ___________ dollars.
A. $13 Billion B. $13 Trillion C. $7 Trillion D. $400 Billion