The crowding-out effect refers to
A) government spending crowding out private spending.
B) private saving crowding out government saving.
C) government investment crowding out private investment.
D) private investment crowding out government saving.
C
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The profit earned by a monopolistic competitor after the entry of new firms is ________
A) higher than the profit earned by the firm before the entry of new firms B) lower than the profit earned by the firm before the entry of new firms C) equal to the profit earned by a monopolist in the long run D) higher than the profit earned by a perfect competitor in the long run
Members of which European Union institution are popularly elected?
What will be an ideal response?
The law of demand says that as the price of a good rises, the quantity demanded of the good tends to fall
a. True b. False
A monopsony is a market situation in which there is only one seller.
Answer the following statement true (T) or false (F)