Which of the following examples best describes the concept of free entry?
A) Jack has an old cell phone that he wants to sell. He opens an account on eBay and auctions it off.
B) Purecircuit Cor
A
You might also like to view...
Suppose an economy has output of 2100, government spending of 40, consumption of 1600, and absorption of 1940. Calculate the equilibrium values of investment and net exports
What will be an ideal response?
According to research, which of the following individuals is more likely to vote regularly?
a. Rachelle, who has a college degree b. Sandra, who is recently divorced c. Tyrone, who is unemployed d. Rocky, who recently relocated
In reference to short-term economic fluctuations, the "trough" refers to:
A. the low point of economic activity prior to a downturn. B. the low point of economic activity prior to a recovery. C. a period in which the economy is growing at a rate significantly below normal. D. a particularly strong and protracted recession.
Keynes was concerned that at macroeconomic equilibrium the economy would experience
A. Full employment but not price stability. B. Price stability but not full employment. C. Full employment and price stability. D. Neither full employment nor price stability.