Competition
A) cannot be eliminated unless scarcity is eliminated.
B) causes people to hope others will fail.
C) compels people to do only what is in the public interest.
D) only exists in capitalist societies.
E) only exists in societies with fiat currency.
A
You might also like to view...
If the current account balance is -$100 billion, net interest = $0, net transfers = $0, then
A) the country is loaning abroad. B) there was an increase in net foreign assets. C) exports are greater than imports. D) the capital and financial account balance must be +$100 billion. E) imports are greater than exports.
Explain why the EMS countries decided to fix their exchange rates against the German DM
What will be an ideal response?
For a competitive firm, workers' marginal revenue product equals the marginal product of labor times the:
a. wage rate. b. price of the firm's product. c. interest rate. d. firm's total revenue.
How does moral hazard affect market outcomes?