A six-month decline in GDP is known as a
A. depression.
B. productivity increase.
C. recession.
D. trade deficit.
C. recession.
Economics
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List all the sources of income-based payments to foreigners
What will be an ideal response?
Economics
In monopolistic competition, a firm has some ability to affect the price for its product because of
A) easy entry and exit. B) economic profits. C) product differentiation. D) many competitors.
Economics
Which of the following is an example of mixed bundling?
A) a suit jacket B) dinner at a buffet restaurant C) a desktop computer and monitor D) All of the above.
Economics
_________ arises when firms act together to reduce output and keep prices high.
A. An oligopoly B. Collusion C. A cartel D. A monopoly
Economics