Because the monopolistically competitive firm faces a ________ demand curve for its product, it ________ the price of its output
A) downward-sloping; cannot influence
B) horizontal; can influence
C) horizontal; cannot influence
D) downward-sloping; can influence
Answer: D
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For the United States, U.S. direct foreign investment abroad is more significant than foreign investment in U.S. securities and currency
Indicate whether the statement is true or false
The U.S. government uses export subsidies extensively to stimulate exports
a. True b. False Indicate whether the statement is true or false
Which of the following is a sound economic reason why the government should subsidize your college education?
A. To help the school's monopoly power over private schools. B. It is too expensive. C. The profit motive would cause the private sector to overproduce education. D. Third parties, other than yourself, benefit from you being educated.
Economic growth can be drawn in a diagram by
A. shifting the production possibilities curve out. B. shifting the production possibilities curve in. C. making the production possibilities curve more bowed out. D. making the production possibilities curve less bowed out.