How can freedom of the press promote economic growth?
A) A free press can be more easily swayed to report only one side of any issue.
B) A free press reduces the likelihood that judges will protect private property rights.
C) A free press can act as a watchdog for corruption, increasing chances for economic growth.
D) A free press does not promote economic growth.
C
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If net exports decrease by $20 billion and the economy's MPC is .5, the aggregate demand curve will shift ________.
A. rightward by $20 billion at each price level B. rightward by $40 billion at each price level C. leftward by $40 billion at each price level D. leftward by $20 billion at each price level
The supply of any good is likely to be inelastic when
A) consumers have few good substitutes for it. B) it is a manufactured good rather than an agricultural good. C) it can be produced at low cost. D) there are very many producers of the good. E) very little time elapses between the change in price and the change in quantity supplied.
Bonds and stocks act as complementary goods such that a rise in the price of one raises the demand for the other
a. True b. False Indicate whether the statement is true or false
Oligopolists have more control over prices than monopolistic competitors because
A. they can legally collude whereas monopolistic competitors may not. B. their prices are always set by the government. C. with fewer competitors, they are able to monitor and determine their own prices much easier. D. since an oligopolist is the only competitor in the market, setting prices is no problem.