The demand curve for a perfectly competitive industry is
A) downward sloping.
B) horizontal.
C) vertical.
D) indeterminate without more information.
A
Economics
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Assume that two countries are considering trading with each other for the first time. Also assume that one of the countries has an absolute disadvantage in producing everything compared to the other country
How would it still be possible for these two nations to benefit from trade with each other?
Economics
When the Fed wishes to reduce the economy's money supply, it:
a. lowers the discount rate. b. lowers the required reserve ratio. c. reduces the margin requirement. d. sells some of its government securities. e. prints more money.
Economics