Investments with _____ risk usually carry a _____ return
a. higher; lower
b. lower; higher
c. zero; high
d. higher; higher
D
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In a competitive market, there are a ________ number of buyers and a ________ number of sellers
A) large; small B) small; large C) small; small D) large; large
Refer to Scenario 3 . What would have to occur for three huts to be produced along with 100 coconuts?
What will be an ideal response?
Increased saving today means
a. more consumption today and in the future b. less consumption today and in the future c. more consumption today and less in the future d. less consumption today and more in the future e. more income today, but the net effect of increased income on the balance between consumption and saving cannot be determined in advance
We know that monopolistically competitive firms prevent the efficient use of resources because they produce where
A. P > ATC. B. MR > P. C. P > MC. D. P = MC.