________ and ________ are often found together in a market.
A. Monopolistic competition; oligopoly
B. Monopoly; oligopoly
C. Monopolistic competition; monopoly
D. Perfect competition; oligopoly
Answer: A
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In the early 2000s, lenders began issuing mortgage loans to people who would normally not be qualified to take out loans because they did not meet lending standards. Those borrowers are known as
A. credit risks. B. weak borrowers. C. subprime borrowers. D. alternative borrowers.
The Fed has set a uniform reserve requirement of 3 percent for all deposits in the U.S. banking system
a. True b. False Indicate whether the statement is true or false
What is the main function of the financial system?
Prices of commercial airline tickets (assume that this is a normal good) have fallen in recent months. Over this same period, the price of jet fuel has risen and consumer incomes have fallen
Which of the following best explains the falling prices of airline tickets? A) The supply curve for airline tickets has shifted to the left while the demand curve for airline tickets has shifted to the right. B) The demand curve for airline tickets has shifted to the left more than the supply curve has shifted to the left. C) The supply curve for airline tickets has shifted to the left more than the demand curve has shifted to the left. D) The demand curve and the supply curve for airline tickets have both shifted to the right.