In general, there is a(n) ________ relationship between the height/strength of the barriers and the number of firms in an industry
A) direct
B) inverse
C) constant
D) random
B
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A change in the composition of the population will generally
a. change demand only if there is a change in the size of the population b. change demand only if there is no change in the size of the population c. change demand even if there is no change in the size of the population d. have absolutely no effect on demand e. result in a movement along the demand curve
Four major rivers flow from the decreasing snow melt of the Himalayan mountains. If you are a resident of northern India, which of these four rivers is most likely to threaten food production?
A. The Indus B. The Yangtze C. The Mekong D. The Ganges
In the market for loanable funds, the equilibrium interest rate is determined by the intersection of:
a. the downward-sloping supply curve for loanable funds and the upward-sloping demand curve for loanable funds. b. the upward-sloping supply curve for loanable funds and the downward-sloping demand curve for loanable funds. c. the downward-sloping supply curve of loanable funds and the horizontal demand curve for loanable funds. d. the downward-sloping supply curve of loanable funds and the vertical demand curve for loanable funds. e. the upward-sloping supply curve for loanable funds and the horizontal demand curve for loanable funds.
The nominal GDP of the U.S. in 2016 was approximately $18.6 trillion. This means that
A) the value of output in 2016 was around $18.6 trillion. B) total income in 2016 was around $18.6 trillion. C) total spending in 2016 was around $18.6 trillion. D) all of the above are true.