If planned investment exceeds actual investment
A. there will be a decline in inventories.
B. there will be an accumulation of inventories.
C. there will be no change in inventories.
D. none of the above.
Answer: A
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A market structure with only a few sellers, each offering similar or identical products, is known as
a. oligopoly. b. monopoly. c. monopolistic competition. d. perfect competition.
Which of the following best illustrates the medium of exchange function of money?
a. You keep some money hidden in your shoe. b. You keep track of the value of your assets in terms of currency. c. You pay for your oil change using currency. d. None of the above is correct.
The ________ the total cost of litigation, the ________ likely the parties will ________.
A) larger; less; settle B) smaller; more; settle C) larger; more; litigate D) larger; more; settle
The profit-maximizing price and quantity established by the unregulated monopolist in the above figure are
A) Q1 units of output and a price of P5. B) Q3 units of output and a price of P3. C) Q1 units of output and a price of P1. D) Q4 units of output and a price of P4.