List the three coordination decisions made by every economy.
A. Where? When? How?
B. How? What? To whom?
C. Why? Where? What?
D. When? To Whom? Where?
Answer: B
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During an economic downturn, Keynes argued that businesses would:
A. not increase spending because of the sharp rise in interest rates. B. not increase spending even if interest rates fell all the way to zero. C. increase spending because interest rates would fall to zero. D. increase spending because of the sharp rise in interest rates.
Which of the following market types has only a few competing firms?
A) perfect competition B) monopolistic competition C) oligopoly D) monopoly E) perfect competition and monopolistic competition
Just because a firm can deter entry by a competitor does not mean it will deter entry.
Answer the following statement true (T) or false (F)
What are the two main sources of financial capital in the United States?
a. financial inflows from foreign investors and businesses in the United States b. financial outflows to foreign investors and private savings of individuals and firms c. private savings of individuals and firms and financial inflows from foreign investors d. financial inflows from foreign investors and government savings