Markets in which entry and exit are difficult are known as contestable markets.
Answer the following statement true (T) or false (F)
False
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The Federal Reserve
In 2008, Germany had a budget deficit of 37 billion euros. This deficit resulted in
A) a rightward shift of the supply of loanable funds curve. B) a leftward shift of the demand for loanable funds curve. C) a crowding out effect in which investment decreases. D) the Ricardo-Barro effect and an increase in the interest rate.
Marginal utility
A) characterizes things of little use. B) is the additional utility derived from the last unit of a good consumed. C) is an implication of the law of demand. D) is always negative when total utility is positive and positive when total utility is negative.
The productivity of workers can depend upon which of the following?
A. Physical capital B. population growth C. Number of businesses established D. All of these are determinants of productivity.