Entry leads to higher prices and profits in an industry.
Answer the following statement true (T) or false (F)
False
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Consumers in a country buy only two goods, sneakers and manicures. The prices and quantities purchased by urban households are in the table above. The reference base year is 2011. The inflation rate between 2011 and 2012 is
A) $15. B) 15.0 percent. C) $10. D) 10.3 percent. E) 9.0 percent.
If you sell twenty-five $100,000 futures contracts to hedge holdings of a Treasury security, the value of the Treasury securities you are holding is
A) $250,000. B) $1,000,000. C) $2,500,000. D) $5,000,000.
Which of the following is an argument made in support of tariffs and import quotas?
a. protecting infant industries b. promoting national defense c. preventing product dumping d. all of the above
Free Market System
What will be an ideal response?