Which of the following industries is best characterized as monopolistically competitive?
A. Cereal
B. Local electricity service
C. Crude oil
D. Wheat
Answer: A
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For managers who know that they have no chance of meeting their goals, high powered sales goals
a. Give an incentive to spread out their sales into the year b. Give an incentive to accelerate costs or delay sales c. Give no incentive to accelerate sales or delay costs d. None of the above
Unlike nonrenewable resources, the timing of extraction of renewable resources are independent of the market rate of interest
a. True b. False Indicate whether the statement is true or false
A proponent of supply-side economics would advocate
a. increasing income taxes on saving. b. reducing corporate income tax. c. increasing capital gains tax. d. increasing personal income tax.
According to the crude quantity theory of money, if M were increased by 20%, what would happen to V, P, and Q?
What will be an ideal response?