Perfect competition is an ideal market structure
a. True
b. False
Indicate whether the statement is true or false
True
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A decrease in wealth leads to a
A) downward movement along the supply of loanable funds curve. B) rightward shift of the demand for loanable funds curve. C) leftward shift of the demand for loanable funds curve. D) rightward shift of the supply of loanable funds curve. E) leftward shift of the supply of loanable funds curve.
One should expect ________ relationship between annual per-capita GDP and an inverse index of corruption
A) a weak and negative B) a weak and positive C) a strong and negative D) a strong and positive E) an unpredictable
In the expenditure approach to measuring GDP, we add the values of all
a. intermediate goods in addition to all final goods purchased b. goods and services purchased by each type of final user c. goods and services purchased in the United States d. goods and services purchased by intermediate and final users e. goods and services purchased by the private sector.
A firm employing 100 workers has an average absenteeism rate of 4%. On a given day, what is the probability of
(a) no workers, (b) one worker, (c) more than six workers being absent?