A one-tail test of significance would be used to determine whether
A) demand for a good is price elastic.
B) two goods are substitutes for each other in supply.
C) two goods are unrelated to each other in demand.
D) supply of a good is price inelastic.
B
Economics
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Point D in the above PPF figure is
A) an attainable production combination with unemployed resources. B) a production combination that can be attained once resources are fully employed. C) an unattainable production combination. D) a tradeoff. E) More information is needed to determine which of the above answers is correct.
Economics
All of the following are reasons for an oligopoly to occur EXCEPT
A) economies to scale. B) barriers to entry. C) independence among firms. D) merger.
Economics