Which of the following are characteristics of a perfectly free economy?
a. There are numerous buyers and sellers, none of whom has a substantial share ofthe market
b. All buyers and sellers can freely and immediately enter or leave the market.
c. Every buyer and seller has full and perfect knowledge of what every other buyerand seller is doing, including knowledge of the prices, quantities, and quality ofall goods being bought and sold.
d. All the above
e. B & C
D
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Thus, it's likely that all Arizona realtors are friendly people eager to help home-buyers find the house they're looking for" is an example of A) enumerative induction B) statistical syllogism C) causal argument D) analogy
According to J. Fred Weston, which of the following is a basic assumption of the antitrust view of oligopoly power?
a. Concentration leads to less interdependence and price competition among companies. b. Concentration helps to ensure product differentiation leading to less need for advertising. c. There is a negative correlation between concentration and profitability. d. Concentration is due mostly to mergers, and a high degree of concentration is unnecessary.
Singer argues that like racisim and sexism, “specisism” is wrong
a. True b. False
Creationism is a belief in the divine creation of all life forms
Indicate whether the statement is true or false