The automobile, steel, and oil markets are all examples of:
A. perfectly competitive markets.
B. monopolies.
C. monopolistically competitive markets.
D. oligopolies.
Answer: D
Economics
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If the crowding-out effect is strong, how will the potency of discretionary fiscal policy be affected?
a. It will make fiscal policy more potent. b. It will make fiscal policy less potent. c. The potency of fiscal policy will be unaffected. d. The potency of contractionary will be reduced.
Economics
Which of the following statements is not true? To acquire Bitcoins, an individual can:
a. Trade for them. b. Buy them. c. Mine them by solving a Bitcoin-generated computer algorithm. d. Borrow them at any local Bitcoin bank. e. All of the statements above are true.
Economics