The circular flow model is used to show the
A) flow of renewable natural resources.
B) expansions and contractions of economic activity.
C) recycling process of production materials.
D) flow of expenditures and incomes in the economy.
E) flow of supply and the flow of demand.
D
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In the short run, a monopolistically competitive firm chooses
A) both its price and its quantity. B) its price but not its quantity. C) its quantity but not its price. D) neither its price nor its quantity.
The monopolist is always constrained by:
A. the amount demanders are willing to buy at any given price. B. his production capacity. C. the barriers to entry. D. government regulation.
An adjustable-rate mortgage (ARM) is a kind of loan used to purchase a home and for which the interest rate varies or is indexed against the rate of inflation.
Select whether the statement is true or false. A. True B. False
Congress established the ________ to investigate "…the organization, business conduct, practices, and management" of companies that engage in interstate commerce.
A. Interstate Commerce Commission B. Antitrust Division of the Justice Department C. Federal Trade Commission D. National Transportation Board