High prices do not occur in laissez-faire markets
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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The earnings gap between better- and lesser- educated workers has held steady
Indicate whether the statement is true or false
Economics
List the three coordination decisions made by every economy.
A. Where? When? How? B. How? What? To whom? C. Why? Where? What? D. When? To Whom? Where?
Economics
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y2. C. P3 and Y1. D. P2 and Y3.
Economics
A perfectly competitive firm can:
A. affect the market price for its good. B. sell as much as it can produce at the market price. C. prevent entry of other firms into their market. D. collude with its competitors to set prices.
Economics