The above figures show the market for hamburger meat. Which figure shows the effect when more farmers decide to raise cows that are processed into hamburger meat?
A) Figure A
B) Figure B
C) Figure C
D) Figure D
D
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Describe the general types of barriers
What will be an ideal response?
When a bank receives a check drawn on an account from another commercial bank, the bank gains
A) capital equal to the amount of the check. B) capital equal to the required reserve ratio times the amount of the check. C) reserves equal to the amount of the check. D) reserves equal to the required reserve ratio times the amount of the check.
One of the following is not a characteristic of perfect competition. Which is it?
a. Firms advertise to increase their market share. b. Profits are low in the long run. c. Consumers pay little attention to brand names. d. Firms pay no attention to their competitors' output levels.
In general, a dry cleaner in a small town is ______________ likely to be unethical in his business practices than a dry cleaner in a large city. This is because the larger a percentage of the population one person is, the _____________likely that person will have to further engage with people he encounters
A) more; less B) less; less C) more; more D) less; more