Which of the following goods is most likely to be associated with monopolistic competition?
a. Gasoline
b. Milk
c. Cookies
d. Wheat
c
Economics
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When economic profits are zero, accounting profits are most likely:
A. positive. B. negative. C. zero. D. All of these are likely.
Economics
Average labor productivity times the proportion of the population employed equals:
A. real GDP per worker. B. real GDP per person. C. real GDP. D. output per worker.
Economics
As of December 2010, the largest single component of M2 consists of
A. checkable deposits at banks. B. cash, coins, and other currency. C. savings deposits. D. gold and silver in commodity accounts.
Economics
In equilibrium, if $1 = 0.5 pound sterling and 1 pound sterling = 40 Swiss francs, the exchange rate between dollar and franc will be:
A. 1 franc = $.10 B. 1 franc = $.20 C. $1 = 80 francs D. $1 = 20 francs
Economics