The sale of western land after 1790 was steady and strong
Indicate whether the statement is true or false
False
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Which of the following statements is true?
A. Perfect competition is an unattainable standard that is probably impossible to find. B. Very few business firms have any control over price in perfect competition. C. The determination whether two products are identical is done by the sellers. D. Perfect competitors are price makers.
Suppose Always There Wireless serves 100 high-demand wireless consumers, who each have a monthly demand curve for wireless minutes of QdH = 200 - 100P, and 300 low-demand consumers, who each have a monthly demand curve for wireless minutes of QdL = 100 - 100P, where P is the per-minute price in dollars. The marginal cost is $0.25 per minute. Suppose Always There Wireless charges $0.30 per minute. What is the highest fixed fee Always There Wireless could charge without losing the low-demand consumers?
A. $28.13 B. $56.26 C. $24.50 D. $49.00
Consumption or household spending of an economy comprises of both consumer spending and business spending
a. True b. False Indicate whether the statement is true or false
Which of the following was a contributing factor to the instability of 2002 to 2008?
a. ideal weather from 2002 to 2006, followed by a severe drought in 2007 and 2008 b. falling housing prices leading to an expansion, followed by rising housing prices leading to a sharp economic downturn c. an increase in housing prices leading to an expansion, followed by a collapse in housing prices and a sharp economic downturn d. falling stock prices leading to an expansion, followed by rising stock prices leading to a sharp economic downturn