The ________ broadly a market is defined, the more difficult it becomes to find ________.
A. more; complements
B. less; goods independent of each other
C. less; substitutes
D. more; substitutes
Answer: D
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All of the following are non-price determinants of supply except
A) costs. B) technology. C) income. D) future expectations.
Which U.S. government agencies handle antitrust matters?
a. the Department of Justice and Congress b. the Federal Trade Commission and Congress c. the Federal Trade Commission and the Securities and Exchange Commission d. the Department of Justice and the Council of Economic Advisors e. the Department of Justice and the Federal Trade Commission
Positive statements contain mostly
A) opinions and conditions. B) facts and predictions. C) bias. D) logical arguments mixed with statements of opinion.
In 1997, the Thai government was unable to maintain its exchange rate given the amount of international reserves
Indicate whether the statement is true or false