Which conditions must be present for "perfect competition" to occur?
A) A large number of buyers and sellers, and all of them enjoy full and complete information.
B) Sellers produce identical products.
C) There is a costless mobility of resources.
D) Everybody behaves as a price taker.
E) All of the above.
E
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If the interest rate in India increases, how will it affect the net exports of India?
What will be an ideal response?
The official unemployment rate can be criticized for both understating and overstating the true number of unemployed
a. True b. False Indicate whether the statement is true or false
It has often been remarked that Democratic candidates are more liberal in the Democratic primaries and Republican candidates are more conservative in the Republican primaries than either is in the general election. The explanation for this is most probably that
A) they are facing politically different opponents in the two elections. B) the median voter preferences are more to the left (right) in the primaries than in the general election. C) more people vote in the general election than in the primaries. D) candidates are not as likely to locate the position of the median voter in the (earlier) primaries as they are in the (later) general election.
The deregulation of a few major industries began in the
A. late 1950s. B. late 1960s. C. late 1970s. D. late 1980s.