Perfect competitors produce goods that are
a. highly differentiated
b. differentiated by firm
c. poor substitutes for each other
d. identical
e. unique
D
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Other things remaining the same, as the real interest rate increases,
A) firms will borrow more funds. B) firms' demand for funds will not change. C) the demand for loanable funds curve shifts leftward. D) firms will purchase new capital with its own funds instead of taking a loan. E) firms will borrow less funds.
Until the United States Civil War, The Unites States had a
A) gold-based monetary standard. B) silver-based monetary standard. C) bimetallic monetary standard consisting of silver and gold. D) bimetallic monetary standard consisting of copper and silver. E) bimetallic monetary standard consisting of copper and gold.
Market-based policies are effective methods that the government can use to address externality problems.
Answer the following statement true (T) or false (F)
Greg learns how to bake from his grandmother. This is an example of a. human capital, but not technological knowledge
b. technological knowledge, but not human capital. c. both human capital and technological knowledge. d. neither human capital nor technological knowledge.