Perfect competition forms one extreme of the market structure spectrum
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Which of the following is NOT a determinant of the demand for gasoline?
A. Consumers' incomes. B. The price of automobiles. C. The supply of gasoline. D. The price of diesel.
Economics
If the MPC in an economy is 0.8, government could close a recessionary expenditure gap of $100 billion by cutting taxes by
A. $100 billion. B. $125 billion. C. $80 billion. D. $200 billion.
Economics
Economists say that voluntary exchange makes both parties better off. What is the explanation that they offer to back up this conclusion?
Economics
"It is possible to restrict imports and still maintain a fixed level of exports." Do you agree or disagree? Why?
What will be an ideal response?
Economics