In the long run, a year-long drought that destroys most of the summer's wheat crops causes permanently:

Which of the following would be considered a transaction deposit?

A) passbook savings account B) checking account C) 401(k) retirement account D) credit card account

Monopolistic competition is defined as a type of market structure where

A) many firms produce the good. B) firms produce a homogeneous good. C) there are barriers to entry. D) firms can earn positive profit in the long run.