Yet 57 days before a flight, the lowest average was 19% lower, at $____
Fill in the blank(s) with the appropriate word(s).
Ans: 402
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In which of the following situations, is a barrier to entry into a monopoly least likely to exist?
a. A large firm enjoys economies of scale. b. The tariffs on foreign goods are eliminated by the government. c. A company is the sole inventor of what it produces and no one else can make a good substitute. d. Government restrictions such as license requirements are enacted. e. A company is the only owner of an essential resource needed to produce its product.
Trickle-down" which argues that the benefits of policies (tax cuts, etc.) which positively impact higher-income households and businesses, eventually will trickle down to those in lower income brackets and stimulate the economy.
What will be an ideal response?
"Monetary policy can be described either in terms of the money supply or in terms of the interest rate.". This statement amounts to the assertion that
a. shifts of the money-supply curve cannot occur if the Federal Reserve decides to target an interest rate. b. the aggregate-demand curve will not shift in response to Federal Reserve actions if the Fed decides to target an interest rate. c. changes in monetary policy aimed at contracting aggregate demand can be described either as decreasing the money supply or as raising the interest rate. d. the activities of the Federal Reserve's bond traders are irrelevant if the Federal Reserve decides to target an interest rate.
What word describes the money that a business pays for its inputs?
A. Production B. Cost C. Output D. Revenue