In an unfettered free market, price is ____ predictor(s) of an event
A) the best
B) only of many
C) not a very useful
D) a marginal
A
You might also like to view...
In the above figure, point B
A) is superior to point A. B) is inferior to point A. C) is as good as point A. D) could be superior to, inferior to, or as good as point A but there is no way of telling which.
Even with the big three textbook publishers (McGraw-Hill, Pearson, and Cengage) having a large market share, the textbook industry is still considered a ____________ model because of the high level of competition that exists.
A. cartel B. cut throat competitor C. open collusion D. price leadership
Using the traditional tools of monetary policy, the Federal Reserve has direct control over ________ and through that an ability to impact ________.
A. monetary base; short-term interest rates B. long-term interest rates; mortgage rates C. unemployment; inflation D. mortgage rates; real GDP
Most goods can be classified as normal goods rather than inferior goods. The definition of a normal good suggests that:
A. The income elasticity of demand for the good is negative B. The price elasticity of demand for the good is negative C. The income elasticity for the good is greater than 0 D. The cross elasticity of demand for the good is positive