Market power creates a flawed response to an accurate price signal.
Answer the following statement true (T) or false (F)
True
Market power refers to the ability of a single consumer or producer to alter the market price of a good or service. Producers will keep prices high without the threat of competition entering the market.
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The "WIN" button approach to breaking a wage-price spiral was proposed by President Ford to a joint session of Congress
a. True b. False Indicate whether the statement is true or false
The function of providing liquidity by financial intermediaries:
A. includes depositors withdrawing funds but not borrowers. B. affects people who need to borrow and depositors who withdraw their funds. C. only affects customers with savings accounts. D. only considers people who borrow on a short-term basis, but not depositors.
Internal government debt is:
A.more like an individual's debt because paying interest on it involves a net reduction in domestic income. B. more like an individual's debt because paying interest on it involves no net reduction in domestic income. C. less like an individual's debt because paying interest on it involves a net reduction in domestic income. D. less like an individual's debt because paying interest on it involves no net reduction in domestic income.
A cost that involves spending money is
A) an implicit cost. B) an explicit cost. C) an opportunity cost. D) an indirect cost.