"Competition is the great regulator." This statement reflects that
What will be an ideal response?
when competition is present, businesses have a strong incentive to serve the general public and therefore there is little need for regulation of competitive markets.
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If individuals start paying off the large amount of credit card debt they now hold,
A) the supply of loanable funds will shift rightward. B) the supply of loanable funds will shift leftward. C) the demand for loanable funds will shift rightward. D) the demand for loanable funds will shift leftward. E) an excess demand for loanable funds emerges and persists.
Which of the following people are liquidity providers?
A. Used car salesman B. Antiques dealer C. Bank teller D. All of these are considered liquidity providers.
Explain what will happen in the market for pagers as the technology used to produce them improves at the same time that the price of cellular phones decreases
If the price level in the current period is higher than what buyers and sellers anticipated,
What will be an ideal response?