This topic contains a solution. Click here to go to the answer

Author Question: If this year's price level exceeds last year's A) the inflation rate between these years has been ... (Read 218 times)

cool

  • Hero Member
  • *****
  • Posts: 570
If this year's price level exceeds last year's
 
  A) the inflation rate between these years has been positive.
  B) the inflation rate is accelerating.
  C) deflation is occurring.
  D) no relative price changes are occurring.

Question 2

Perfect competition exists in a market if
 
  A) there are many firms producing an identical product.
  B) there are many firms producing a similar product, each of which may have unique features.
  C) the firm is protected by a barrier to entry.
  D) the firm is always at the break-even point where it is earning only a normal profit.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lucas dlamini

  • Sr. Member
  • ****
  • Posts: 327
Answer to Question 1

A

Answer to Question 2

A




cool

  • Member
  • Posts: 570
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


yeungji

  • Member
  • Posts: 319
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

For a complete list of videos, visit our video library