Which of the following is an advantage to society of monopolistic competition?
A) production at the lowest possible average cost
B) product variety
C) only essential costs are incurred
D) long-run profitability
E) The firms have excess capacity so they are are always willing to increase their production.
B
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Consider the market for credit. When the demand for credit increases while the supply of credit remains unchanged,
A) the interest rate will decrease and the amount of credit provided in the market will increase. B) the interest rate will increase and the amount of credit provided in the market will increase. C) the interest rate will decrease and the amount of credit provided in the market will decrease. D) the interest rate will increase and the amount of credit provided in the market will decrease.
A spike in "All Other Outlays" of the federal government in 2009 was due to: a. an increase in the financial aid given to Greece earlier that year
b. an increase in the expenditures on Social Security and Medicare. c. the fiscal stimulus package passed earlier that year. d. a sudden increase in military expenditure as a result of the war in Iraq. e. an increase in the national debt earlier that year.
Discuss the market for land in terms of supply, demand, and price.
What will be an ideal response?
What is inverse dependency ratio? What does it mean for future worker productivity?
Please provide the best answer for the statement.