In what two ways does trade benefit consumers when firms are monopolistically competitive?
a. better quality products, increased information
b. higher incomes, more dependable products
d. lots of bells and whistles, higher wages
d. lower prices, more variety
Ans: d. lower prices, more variety
Economics
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American companies can borrow funds
A) only in U.S. financial markets. B) only in foreign financial markets. C) in both U.S. and foreign financial markets. D) only from the U.S. government.
Economics
You are unable to sleep because your hotel room is right underneath the noisy air conditioning system. We would classify this situation as an
A. external cost. B. internal cost. C. external benefit. D. internal benefit.
Economics