Refer to the graph below. All data are for the short run. The firm represented in this diagram is selling under conditions of:
A. Pure monopoly
B. Pure competition
C. Monopolistic competition
D. Oligopoly
B. Pure competition
Economics
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If a country experiences a real GDP growth rate of 4 percent, real GDP will double in
A) 14 years. B) 23.3 years. C) 25 years. D) 35 years. E) 17.5 years.
Economics
Refer to the scenario above. The housekeeper behaves in this particular way due to the ________
A) existence of asymmetric information B) presence of a positive externality C) presence of a free-rider problem D) existence of high incentive to work
Economics
The change in any factor other than ________ would shift the demand curve
a. Weather b. interest rate c. Price d. all of the above
Economics
Explain how changes in wealth, the price level, interest rates, and expectations alter the consumption curve
Economics