Competition is
A) important in both the market and government sectors.
B) important in the market sector, but not in the government sector.
C) important in the government sector, but not in the market sector.
D) not very important in either the government or the market sector.
A) important in both the market and government sectors.
You might also like to view...
What is the relationship between the aggregate planned expenditure curve and the aggregate demand curve? Explain the relationshi
What will be an ideal response?
A business cycle is:
a. the movement of the economy from peak to trough and trough to peak over time. b. a point of time comparison of economic activity. c. a prolonged movement in an upward fashion over a period of time. d. a prolonged movement in a downward fashion over a period of time.
Which of the following is an example of a measure of labor productivity?
A. Factory workers produce 100 units of TVs per worker per day. B. Autos get 20 gallons to the mile. C. Wages increase by 3 percent per year for 5 years. D. A household's income increased by 3 percent last year.
For inferior goods, a decrease in income will cause the
A. quantity demanded to increase. B. quantity demanded to fall. C. demand to increase. D. demand to fall.