Which of the following would likely be traded in a monopolistically competitive market?
a. Electricity
b. Airline Tickets
c. Pizza
d. Wheat
e. Water
C
You might also like to view...
Persistent current account deficits for the United States have
A) increased government budget deficits. B) decreased investment in new plant and equipment. C) slowed economic growth. D) None of the above are correct.
In the Baumol-Tobin analysis of the demand for money, either an increase in ________ or an increase in ________ increases money demand
A) income; interest rates B) brokerage fees; interest rates C) interest rates; the price level D) brokerage fees; income
In a market system, intermediaries in the exchange process are known as
A) producers. B) consumers. C) middlemen. D) free agents.
When the current account is in deficit, the capital account must
A. be balanced. B. be zero. C. not add to the deficit. D. have an equal and offsetting surplus.