In a divisive society the members of groups within the society see themselves as
A) working in harmony with other groups in the society.
B) equal to other groups within the society.
C) pitted against other groups in the society.
D) a and b
C
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Which of the following is a financial intermediary?
A) an insurance company B) the Internal Revenue Service C) the Red Cross D) a share of corporate stock
Which of the following is TRUE regarding a perfectly competitive firm?
A) The firm can charge a lower price than its competitors and thereby sell more output and increase its profits. B) The firm always earns a normal profit. C) The firm's marginal revenue continually decreases. D) The firm's minimum efficient scale is small relative to the market demand.
A monopoly produces widgets at a marginal cost of $10 per unit and zero fixed costs. It faces an inverse demand function given by P = 50 ? Q. The monopoly price is:
A. $10. B. $20. C. $40. D. $30.
In November 2008, the leaders of the ________ met in an emergency meeting in Washington to coordinate their responses in terms of both macroeconomic and financial policies
A) G20 B) G7 C) OECD countries D) G8