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Author Question: A competitive market is one in which a number of buyers and sellers are offering similar products, ... (Read 77 times)

asmith134

  • Hero Member
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  • Posts: 576
on: Jun 30, 2018
A competitive market is one in which a number of buyers and sellers are offering similar products, and no single buyer or seller can influence the market price.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If private consumption in the United States was 69 percent of GDP, investment was 18 percent, government purchases were 18 percent, exports were 9 percent, and imports were 14 percent, net exports were equal to ____ percent of GDP.
 a. -5
 b. 5
 c. -23
  d. 23


frogdreck123456

  • Sr. Member
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  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

a


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