Which of the following is the best example of an oligopolistic industry?
A. smartphone manufacturing
B. public utilities
C. convenience stores
D. book publishing
Answer: A
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A reduction in the rate of inflation is referred to as
A) disinflation. B) deflation. C) recession. D) unemployment.
Which of the following examples could be used to determine the net interest for a household?
a. $800 (interest paid on home mortgage) multiplied by $200 (interest paid on car loan) b. $100 (interest received from saving account) divided by $800 (interest paid on home mortgage) c. $800 (interest paid on home mortgage) plus $200 (interest paid on car loan) d. $100 (interest received from saving account) minus $800 (interest paid on home mortgage)
Recessions...
What will be an ideal response?
A company uses 50 workers and 20 units of capital to produce 400 units of output. If this company increases its capital to 30 units and, as a result, its output increases by 100 units, the productivity of labor ________ to ________ units per worker.
A. increases; 10 B. decreases; 4 C. increases; 2 D. increases; 5