« previous next »

Author Question: Assume that the market for consumer gasoline is perfectly competitive. When one additional seller ... (Read 75 times)

SAVANNAHHOOPER23

  • Hero Member
  • *****
  • Posts: 542
on: Jun 30, 2018
Assume that the market for consumer gasoline is perfectly competitive. When one additional seller (gas station) enters the market,
 
  A) then at least one other seller must exit the market.
  B) the price of gasoline increases.
  C) the price of gasoline is left unaffected.
  D) the price of gasoline decreases.
  E) None of the above is correct.

Question 2

Ricardian equivalence is the proposition that
 
  A) government expenditure should only be financed by taxes.
  B) it does not matter whether government expenditure is financed by creating new money or issuing debt.
  C) government expenditure should only be financed by issuing new debt.
  D) it does not matter whether government expenditure is financed by taxes or debt.


meltdown117

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt
E10 is 10% ethanol and 90% gasoline. E10 is 10% ethanol and 90% gasoline.
This red gasoline container holds about 30 gallons of gasoline and is used to fill vehicles used ... This red gasoline container holds about 30 gallons of gasoline and is used to fill vehicles used ...
Reconstruction Drawing of Trajan's Market Reconstruction Drawing of Trajan's Market
Iraqi market Iraqi market
A piece of glass has a thin film of gasoline floating on it. A beam of light is shining ... A piece of glass has a thin film of gasoline floating on it. A beam of light is shining ...
Video: Optic Nerve and Optic Disk Animation (Part 2 of 2)

For a complete list of videos, visit our video library