In which market structures is there product differentiation?
A. perfect competition and monopolistic competition
B. monopolistic competition and oligopoly
C. oligopoly and monopoly
D. perfect competition and monopoly
Answer: B
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Sales of intermediate goods and services (goods and services purchased for further reprocessing and resale) are excluded from GDP to avoid the problem of double counting, which is counting an item's value more than once
Indicate whether the statement is true or false
Economic stagnation coupled with high inflation is commonly called:
A. stagflation. B. inflationary stagnation. C. stagnatory growth. D. inflagnation.
The sum of accumulated annual federal budget deficits in excess of budget surpluses refers to...
What will be an ideal response?
Refer to Figure 14.2. A movement from point d to point a could be caused by a simultaneous ________ and ________.
A. decrease in the money supply; increase in the price of oil B. increase in the money supply; massive crop failure C. decrease in taxes; decrease in the money supply D. decrease in government spending; decrease in the price of oil