A perfectly competitive firm faces a downward sloping market demand curve
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Which of the following is an example of a factor of production?
A) Land B) Cell phones C) Canned soup D) Television sets
Economics
The delivery of financial services electronically is called
A) e-business. B) e-commerce. C) e-finance. D) e-possible.
Economics
As real GDP per year increases along the short-run aggregate supply (SRAS) curve, the SRAS curve
A) becomes increasingly steep. B) begins to level out. C) shifts inward. D) does not change.
Economics
The simple circular flow model shows that workers and capital-owners offer their services to firms through the:
A. Product markets B. Resource markets C. Employment agencies D. Government agencies
Economics