Which of the following markets is likely to be perfectly competitive?
A) The market for patented nuclear medicines
B) The market for wheat
C) The market for smart phones
D) The market for shower gel
B
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The supply of loanable funds is equal to the supply of saving in the economy. The three sources of saving in an economy include all of the following except
A) households. B) businesses. C) the government. D) the foreign sector.
A firm that produces and sells furniture gets to choose
a. how many workers to hire in both the short run and the long run. b. the size of its factories in the short run but not in the long run. c. which short-run average-total-cost curve to use in both the short tun and the long run. d. All of the above are correct.
An economy in which output has decreased and prices have increased would suggest that there has been a:
A. negative demand side shock. B. negative supply side shock. C. positive demand side shock. D. positive supply side shock.
When did NAFTA go into effect?
What will be an ideal response?