In a general equilibrium model
A) all markets but one clear.
B) there are no fluctuations.
C) all prices are exogenous.
D) all prices are endogenous.
D
Economics
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Which of the following accounts for the largest source of revenue for the federal government?
a. sales tax b. federal property tax c. personal income tax d. corporate income tax e. borrowing
Economics
Recall the Application about the merger of Sirius Satellite Radio and XM Satellite Radio to answer the following question(s).Recall the Application. After the merger of Sirius Satellite Radio and XM Satellite Radio, the new firm, Sirius XM, would be classified as a:
A. natural monopoly. B. monopoly, but not a natural monopoly. C. public utility. D. duopoly.
Economics