In a market with perfectly competitive firms, the market demand curve is usually ____ and the demand curve facing each individual firm ____
a. upward sloping; horizontal
b. downward sloping; horizontal
c. horizontal; downward sloping
d. downward sloping; downward sloping
b
Economics
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Which of the following is a role of financial institutions?
a) Increasing product demand. b) Diversifying assets to reduce risk. c) Establishing marginal tax rates. d) Controlling inflation.
Economics
Explain why economists do not use exchange rates to compare standards of living across countries. Also, discuss what economists do to avoid these problems
What will be an ideal response?
Economics