Industry X comprises only very few large firms engaged in stiff competition with each other. Industry X can best be described as
A) pure competition.
B) monopolistic competition.
C) pure monopoly.
D) oligopoly.
D
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What does the slope of the line shown in the above figure equal?
What will be an ideal response?
A federal government surplus is said to exist in the event that ________
A) federal outlays are greater than federal revenues B) federal outlays are equal to federal revenues C) federal outlays are less than federal revenues D) any of the above conditions exists
Studies of human decision making have found that people are reluctant to change their minds
a. True b. False Indicate whether the statement is true or false
In the financial crisis that started in 2006, a significant indicator of the U.S. economic decline was:
A. a significant drop in interest rates. B. a sharp increase in unregulated Ponzi-type security sales. C. rising defaults by subprime mortgage borrowers. D. a large increase in loan default due to unemployment.