Oligopoly is characterized by
A. some industries producing differentiated products.
B. some industries producing identical products.
C. few firms.
D. all of the choices.
D. all of the choices.
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Holding other factors constant, a technological improvement that increases the marginal product of capital will:
A. decrease national saving. B. decrease investment. C. increase investment. D. increase national saving.
The government of Silverado raises revenue to operate the city's hospital, open to all residents, through a general income tax paid by its residents. This method of raising revenue is consistent with the benefits-received principle
Indicate whether the statement is true or false
The price of a good will rise when:
a. there is a shortage of the good. b. there is a surplus of the good. c. demand for the good decreases. d. the supply of the good increases.
Incomes for adults vary widely across race and gender in the United States. These differences could be due to:
A. choice of occupation. B. experience. C. education. D. All of these can explain the differences.