A stock market boom which causes stock prices to rise should cause
What will be an ideal response?
an increase in consumption spending
Economics
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What are the conditions that characterize the sellers' side in a perfectly competitive market?
What will be an ideal response?
Economics
Railroad deregulation led to higher prices for railroad service
Indicate whether the statement is true or false
Economics
Rent-seeking activity by firms
A. often wastes economic resources. B. increases economic efficiency. C. continues even when an industry is in long-run competitive equilibrium. D. increases the total amount of economic rent available.
Economics
In modern culture, which of the following has probably become the most precious resource?
a. water b. time c. oil d. mathematics
Economics