The demand curve for a perfectly competitive industry is
A. upward sloping.
B. vertical.
C. downward sloping.
D. horizontal.
Answer: C
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Bank C promises to pay a compound annual interest rate of 6 percent, while Bank S pays a 10 percent simple annual interest rate on deposits. If you deposit $1,000 in each bank, after 10 years, your deposit in Bank C equals ________, while your deposit in Bank S equals ________.
A. $1,791; $2,000 B. $1,600; $2,594 C. $1,600; $2,000 D. $1,060; $1,100
Results of research conducted regarding the Moving to Opportunity program found that the program had little effect on opening up employment opportunities
Indicate whether the statement is true or false
Menu costs in relation to inflation refer to:
a) Costs of finding better rates of return b) Costs of altering price lists c) Costs of money increasing its value d) Costs of revaluing the currency
Which of the following is most likely to be observed in a community where legal ceilings are imposed on residential rents?
A) Landlords will do a better job of property maintenance. B) People moving into the community will have difficulty locating residential space to rent. C) Poor people will be able to find adequate housing. D) Tenants will reduce their use of housing space. E) The people most in need of housing will be able to obtain the space they want.