A society which is inside its production possibilities frontier is efficient
a. True
b. False
Indicate whether the statement is true or false
False
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The figure above shows the market for iPods. Which of the following shifts the demand curve from D0 to D1?
A) a requirement that all students at universities have an iPod B) a decrease in the price of Zunes, a substitute for iPods C) a decrease in the price of iPods D) an increase in the price of iPods E) an increase in people's incomes
A major reason for regulating the financial sector is to facilitate __________ policy
A) monetary B) fiscal C) antitrust D) merger
The main instrument of control of public monopolies is the regulatory agency
a. True b. False Indicate whether the statement is true or false
Firms in oligopoly markets are unable to collude effectively because cooperation is difficult with a large number of firms.
Answer the following statement true (T) or false (F)