The main duty of the Environmental Protection Agency (EPA) is to:
a. assure safe work places
b. prevent crime.
c. enforce environmental standards.
d. regulate air transport.
e. regulate rates charged by generators of nuclear energy.
c
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What are factors of production? Why are the factors of production said to have a derived demand?
What will be an ideal response?
One of the reasons that a firm can be ________ efficient than a market is that the firm ________
A) more; does not have any economies of scale B) more; lowers transactions costs C) less; has economies of scope D) less; produces lower profits
Which of the following is not a common characteristic of oligopolistic firms?
a. high barriers to entry b. mutual interdependence c. a large number of sellers d. nonprice competition
An increase in the average price level will lead to a decrease in the demand for reserves
a. True b. False Indicate whether the statement is true or false