Based on the figure above, in which quarter or quarters did a trough occur?
A) between 2013, 2nd quarter to 2014, 2nd quarter
B) between 2012, 2nd quarter to 2013, 2nd quarter and also between 2014, 2nd quarter to the end of the figure
C) in 2013, 2nd quarter
D) in 2014, 2nd quarter
E) There are no troughs illustrated in the figure.
D
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By 1830 home manufacture had declined significantly due to:
a. increased industrial organization. b. increased tariffs. c. advances in transportation. d. Both a and b are correct. e. Both a and c are correct.
The cross-price elasticity of demand between rifles and bullets is likely to be
a. negative because the goods are complements b. positive because the goods are complements c. negative because the goods are substitutes d. positive because the goods are substitutes e. 0 because the goods are not substitutes
The transactions that take place in the financial markets:
A. can be very complex. B. are very simple. C. are always to the buyer's advantage. D. are always to the seller's advantage.
The demand curve facing a typical firm in a perfectly competitive market is horizontal
a. True b. False