If large sectors of American industry are not very competitive, then the _______________ does not work as well as it could if American industry operated under a more perfectly competitive system.

Fill in the blank(s) with the appropriate word(s).


price mechanism, or "invisible hand"

Economics

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Some economists argue that GDP overstates overall economic welfare because it does not include the impact of bads such as pollution

Indicate whether the statement is true or false

Economics

Refer to the following figure. When quantity demanded is 3,000, what is marginal revenue?

A. -$10 B. $12 C. $10 D. $15 E. 0

Economics

If you work 4 extra hours, and the slope of the curve showing the relationship between your income and work hours is 8, your income will increase by:

A. $2. B. $4. C. $12. D. $32.

Economics

In 2010, President Obama signed into law that made the Federal Reserve as the nation's

A. fiscal policy making unit. B. largest private bank. C. regulator of systemic financial risk. D. federal income tax collector.

Economics