An economy that has a private sector and a public sector is called a ______________.
Fill in the blank(s) with the appropriate word(s).
mixed economy
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Refer to the figure below. 
In the figure, a business cycle peak is shown by which point(s)?
A. D only B. A and C and E C. E only D. B and D
________ can force a competitor to stop false advertising.
A) The Federal Trade Commission's (FTC), but not the Lanham Act B) The Lanham Act, but not the Federal Trade Commission's (FTC) C) Neither the Federal Trade Commission's (FTC) nor the Lanham Act D) Both the Federal Trade Commission's (FTC) and the Lanham Act
The value of a model is determined by
A) the usefulness of its predictions in the real world. B) the extent of the profit earned by applying it. C) the realism of its assumptions. D) the model's attention to real world details.
For direct price discrimination to work
a. The firm must be able to identify the members of the low value group b. The firm must charge a single price to all its customers c. The firm need not worry about any arbitrage since all its customers are charged the same price d. The firm should charge a higher price to those customers with the most elastic demand