Monopolistic competition provides the benefit of product variety but at the cost of productive inefficiency.

True or False


Answer is true.

Economics

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An English auction is usually a(n) ________ auction

A) sealed-bid first-price B) sealed-bid second price C) penny D) open outcry

Economics

From 1980 to 2000 the labor force participation rate generally ________ and from 2000 to 2014 the rate generally ________

A) increased; decreased B) decreased; decreased C) increased; increased D) decreased; increased

Economics

A flat-rate income tax is also called ________

A) an excise tax B) a property tax C) a proportional income tax D) a constant rate tax

Economics

A rise in the real exchange rate represents an increase in the purchasing power of the home currency

Indicate whether the statement is true or false

Economics