The financial sector makes the real sector in a modern economy possible.
Answer the following statement true (T) or false (F)
True
The financial sector facilitates trade and channels saving into investment, making it possible for firms and consumers to borrow and save.
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The product-variety externality states the benefits to consumers from the introduction of a new product
a. True b. False Indicate whether the statement is true or false
Microsoft and its operating system are often cited as an example of a company that grew into a monopoly through:
What will be an ideal response?
Refer to the information provided in Figure 8.8 below to answer the question(s) that follow. 
Figure 8.8 Refer to Figure 8.8. A soybean farmer's ________ level of output is 1,000 units of output.
A. loss-minimizing B. shut-down C. break-even D. profit-maximizing
Relating to the Economics in Practice on page 340: Europe has a carbon tax, and electricity producers are among the largest of the carbon producing firms. The carbon tax increases the costs of the electricity producers, which will shift the ________ curve in the electricity market to the ________.
A. supply; right B. demand; left C. supply; left D. demand; right