The U.S. commercial airline industry is a good example of an oligopolistic market
a. True
b. False
Indicate whether the statement is true or false
True
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Double counting occurs because most products that people purchase are manufactured by the same company
a. True b. False Indicate whether the statement is true or false
The pursuit of profit will encourage firms to
a. produce efficiently and keep their costs low. b. produce goods and services that consumers value highly relative to costs. c. discover and develop better products and lower-cost production methods. d. All of the above are correct.
In Macroland there is $1,000,000 in currency that can either be held by the public as currency or deposited into banks. Banks' desired reserve/deposit ratio is 10 percent. If the public of Macroland decides to hold more currency, increasing the proportion they hold from 50 percent to 75 percent, the money supply in Macroland will ________.
A. decrease. B. remain the same. C. either increase or decrease. D. increase.
Define economic immigrants
What will be an ideal response?