Firms in a perfectly contestable market will earn higher profits than firms in markets that are not perfectly contestable
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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If there's no import, the multiplier in Q9 equals
What will be an ideal response?
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Households ________ final goods and services in the ________ market
A) purchase; product B) purchase; factor C) sell; factor D) sell; product
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What is the participation rate if there are 125 million people in the labor force, 100 million people employed, and 25 million not in the labor force?
A) 83% B) 80% C) 75% D) 67%
Economics
An inward shift of a nation's production possibilities frontier can occur due to
A) a reduction in unemployment. B) a natural disaster like a hurricane or bad earthquake. C) a change in the amounts of one good desired. D) an increase in the labor force.
Economics