Perfectly competitive markets:
A. are more of an idealized model economists use than a real-life occurrence.
B. are the most common type of market in the United States.
C. tend to have relatively few buyers.
D. tend to have relatively few sellers.
A. are more of an idealized model economists use than a real-life occurrence.
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In what sense is frictional unemployment "good" for the economy?
What will be an ideal response?
The consumption of goods and services has both a money price and a time price
a. True b. False
For which of the following investment activities does the law clearly define the parties' underlying rights?
a. Construction of a swimming and boating club on a deserted lake. b. Planting apple trees in a public garden. c. Using scrap from neighborhood trash disposal site to create wrought iron furniture. d. Construction of a multi-storied building on an inherited property.
Which of the following would most likely cause a nation's currency to depreciate?
a. an increase in exports coupled with a decline in imports b. a slower inflation rate than those of its trading partners c. lower domestic real interest rates d. lower real interest rates abroad