The price of a loaf of bread is $1.50, the price of a gallon of milk is $3.00, and the price of a pound of butter is $2.40
The price of a loaf of bread relative to a gallon of milk is ________, while the price of a gallon of milk relative to a pound of butter is ________. A) 0.5; 0.8.
B) 0.5; 1.25.
C) 2.0; 1.25.
D) 2.0; 0.8.
B
Economics
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The main policy-making organization of the Federal Reserve System is the ________
A) U.S. Mint B) U.S. Treasury C) Joint Congressional Committee on Monetary Policy D) Federal Open Market Committee
Economics
The term monopolistic competition
a. is an alternate expression for monopoly b. is used to describe perfect competition with strong entry barriers c. denotes an industry with one seller of many differentiated products d. denotes an industry with many sellers of homogeneous products e. denotes an industry with many sellers of differentiated products
Economics