Market demand
A. is the horizontal summation of the individual demand curves.
B. shows how market purchases vary with price.
C. slopes downward.
D. both a and b
E. all of the above
Answer: E
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Dole Co operates in a monopolistically competitive market. Which of the following characterizes Dole Co's market?
A) Dole Co. supplies a small portion of the market's output. B) Dole Co.'s product is slightly different from its competitors. C) Dole Co. faced no barrier to entry when it decided to enter its market. D) All of the above describe Dole Co.'s market.
The decade of the 1920s was characterized by which of the following?
(a) Economic advancements in agriculture (b) A decrease in the inequality of income and wealth (c) Consumers dramatically shifted their household demands into purchases of durable goods on credit (d) All of the above characterized the decade of the 1920s
Mattress savings are: a. used to buy bonds and shares
b. kept in a current account. c. kept in a savings account. d. kept on hand and not loaned out or invested.
Which of the following is not a reason why low-income countries might experience low economic growth?
A) The country has a good education system.
B) The country has a low rate of saving and investment.
C) The country has endured extended periods of war.
D) The country fails to enforce a rule of law.