An industry in which there are many competitors with specific marketing niches is likely to be characterized by
A. perfect competition.
B. monopoly.
C. oligopoly.
D. monopolistic competition.
Answer: D
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Just before, during, and after the recession of 2007-2009, net exports in the United States
A) fell, but remained positive. B) fell and remained negative. C) rose and became positive. D) rose, but remained negative.
The short-run aggregate supply curve: a. Is a schedule showing the relationship between the price level and the quantity of real GDP supplied. b. Is typically upward sloping
c. reflects output prices changing relative to input prices. d. all of the above
The price system always works instantaneously.
Answer the following statement true (T) or false (F)
Racial discrimination and other forms of discrimination based on irrelevant factors are illegal. Can price discrimination be illegal as well?
What will be an ideal response?