Economics

The number of firms in a monopolistically competitive market means that A) all firms will have ...

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This agency is responsible for investigating complaints of discrimination based on race, religion, ...

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The joining of firms that are producing or selling a similar product is known as A) a ...

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This agency develops and enforces environmental standards for air, water, toxic waste, and noise. ...

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The provision of a legal system is an important economic function of the government because A) ...

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A price ceiling is A) the lowest price a seller can charge without losing all of its customers. ...

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The simple Keynesian model assumes that A) gross private domestic investment exceeds net ...

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The number of firms in a monopolistically competitive industry means that A) firms will collude. ...

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Positive economic analysis is supposed to be A) true. B) free of value judgments. C) just and ...

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In a monopolistically competitive market, having a large number of firms in the market means that ...

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Nonprice rationing devices are required A) because the price system does not allocate resources ...

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It has been noted that when the price of a good increases, people purchase less of the good. This is ...

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This agency is responsible for protecting consumers from products posing fire, electrical, chemical, ...

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In the long run, higher government budget deficits will A) lead to a redistribution of real GDP ...

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The distinguishing of products by brand name, color, and other attributes A) is known as ...

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The government tries to protect the competitive economic system by passing and enforcing A) price ...

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What is meant by the demand for money? What will be an ideal ...

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In the 1970s, the government placed price ceilings on gasoline prices. A shortage of gasoline ...

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Cyclical unemployment is caused by A) technological change. B) fluctuations in the business ...

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Which of the following is an example of the law of supply? A) The price of gum has increased so ...

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Should the government wish to lower the price of gasoline to the consumer, one approach might be ...

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Keynes suggested that the short-run aggregate supply (SRAS) curve A) is vertical. B) is ...

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Suppose the economy is initially experiencing a recessionary gap. A reduction in the size of the ...

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The following are impediments to economic growth EXCEPT A) dead capital. B) increased education. ...

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Seasonal unemployment is A) due to the fact that workers must search for appropriate job offers. ...

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