What is a natural monopoly?
What will be an ideal response?
A natural monopoly is a market in which one firm can supply the entire market at a lower cost than two or more firms can.
Economics
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What type of consumer goods are most affected by the business cycle: durable goods or nondurable goods? Why?
What will be an ideal response?
Economics
What was the Plaza Agreement about?
What will be an ideal response?
Economics
One disadvantage of corporations is the double taxation of income to the owners.
Answer the following statement true (T) or false (F)
Economics
Who would be most likely to agree that "People do not always save more as interest rates rise"?
A) a classical economist B) John Maynard Keynes C) an efficiency wage theorist D) a and b E) a, b, and c
Economics