If oranges were found to cure cancer,
A) the equilibrium price of apples would likely fall.
B) the equilibrium price of oranges would likely increase in the near term.
C) the equilibrium quantity of oranges would likely increase.
D) All of the above.
D
Economics
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Which of the following statements about checking deposits is true?
A) It is a liability for both households and banks. B) It is an asset for both households and banks. C) It is an asset for households but a liability for a bank. D) It is a liability for households but an asset for a bank.
Economics
Which of the following has the highest Herfindahl-Hirschman index?
A) monopoly B) monopolistic competition C) oligopoly D) any of the above, depending on the size of firm sales
Economics