In which industry is monopolistic competition most likely to be found?
A. mining
B. agriculture
C. retail trade
D. utilities
Answer: C
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Pirates have been intensely attacking ships off the shore of Somalia this year. Boat owners have reportedly coughed up more than $30 million in ransom and insurance premiums have shot up
The pirate activity and increase in premiums means that the expected wealth of boat owners who sail near Somalia is ________. A) decreasing B) increasing C) staying the same D) decreasing only if they have insurance
From 1968 till 1980, budget deficit was on average around ________ percent of natural GDP; and from 1981 till 1995, it was ________ percent of natural GDP
A) 19.8; 21.5 B) 21.5; 19.8 C) 1.5; 3.5 D) 3.5; 1.5
Which of the following products would be most difficult to resell?
a. Girl Scout cookies b. suitcases c. automobiles d. pencils e. medical exams
Researcher Terry Anderson claims that with respect to the supply of water, trading it would be
a. wrong and counter-productive. b. essentially impossible due to lack of technologies to move the water. c. highly productive and bring cooperation among the traders. d. a problem, since monopolists would come to own too much.