If a firm operates in a perfectly competitive market, then it will most likely
A) advertise its product on television.
B) take the price of its product as determined by the market.
C) have a difficult time obtaining information about the market price.
D) have an easy time keeping other firms out of the market.
B
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Homelessness is not caused by _____
a. the high cost of housing in cities b. the deinstitutionalization of the mentally ill c. drug abuse d. housing subsidies
Compared to free trade, a ban on imports of a good
A) increases the domestic price of the good. B) decreases consumer surplus. C) results in a deadweight loss. D) All of the above.
Which of the following is not one of the fundamental economic questions all societies must face? a. What goods and services are to be produced?
b. How goods and services are to be produced? c. Which goods and services are to be produced by the government? d. Who is to receive the goods and services produced in the society?
An expansionary fiscal policy will lead to
a. higher interest rates, an appreciated dollar, and reduced net exports. b. higher interest rates, an appreciated dollar, and increased net exports. c. reduced interest rates, an appreciated dollar, and reduced net exports. d. reduced interest rates, an appreciated dollar, and increased net exports.