Under ________, there are many firms selling slightly different products
A) perfect competition
B) monopolistic competition
C) oligopoly
D) monopoly
B
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If producers cannot afford the fees for pollution rights,
a. they will pollute b. they will buy pollution rights c. they will sell pollution rights d. they will have to find a cheaper way to deal with their pollution e. they will not be able to use their pollution rights
The law of diminishing marginal utility suggests that a demand curve: a. shows a direct relationship between price and quantity demanded. b. has a slope equal to zero
c. has a positive slope. d. has a negative slope.
Which of the following is most likely a private good?
A.) Police protection B.) Cars C.) Highways D.) Parks
The occurrence of bank failures in the United States
A. ended after 1933 and the creation of the FDIC. B. increased dramatically during the Clinton administration. C. reappeared in intensity in the late 1990s and early 2000s. D. reappeared in the 1980s and early 1990s and again in 2006.