One market that fits the characteristics of monopolistic competition is
A. women’s clothing.
B. wheat farming.
C. television networks.
D. electric power generation.
Answer: A
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The U.S. government has frequently used a "command-and-control" approach in dealing with pollution. Which of the following describes this approach?
A) The government imposes quantitative limits on the amount of pollution firms are allowed to generate. B) The government distributes information to consumers and producers on how to reduce pollution. C) The government uses subsidies to encourage firms to use new technology that reduces pollution. D) The government uses taxes in order to internalize the externalities caused by pollution.
The two basic ways to define money are
A) the transactions approach and the fiduciary approach. B) the transactions approach and the M1 approach. C) the transactions approach and the liquidity approach. D) the liquidity approach and the store of value approach.
When a free market for a good reaches equilibrium, anyone who is willing and able to sell at the market price can sell the good
a. True b. False Indicate whether the statement is true or false
The formula for present value allows investors to:
A. convert a given number of dollars in the future into its present equivalent. B. determine the future impact of inflation on a present amount of money. C. know which financial assets will provide the greatest future returns. D. do all of these.