Which real-world market most closely approximates perfect competition?
a. the stock market
b. automobiles
c. higher education
d. cable television services
e. retail clothing stores
A
Economics
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If the elasticities of demand for alcohol, tobacco and gasoline are low and the elasticities of supply are high, then the burden of these taxes (excise taxes) falls more heavily on buyers than on sellers
Indicate whether the statement is true or false
Economics
Activists believe that postwar instability is primarily the result of
A) erratic growth of private investment. B) uneven changes in real government expenditures. C) uneven changes in private consumption of durables. D) A and C are both correct.
Economics