The market structure in which the behavior of any given firm depends on the behavior of the other firms in the industry is

Giving up one alternative for another is called ____________ .

a. underutilization. b. a trade-off. c. human capital. d. efficiency.

What is the government purchases multiplier if the tax rate is 0.2 and the marginal propensity to consume is 0.8? Assume the economy is closed

A) 2.78 B) 5 C) 6.25 D) 100