Which of the following is true of bureaus?

a. They are highly sensitive to consumer feedback.
b. They create laws to govern the functioning of an economy.
c. They control the money supply in the economy.
d. They implement the laws created by the government.

d

Economics

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"If firms in an oligopoly operate as a monopoly, the industry produces the most output and if they operate as perfect competitors, the industry produces the least output." Is the previous statement correct or incorrect? Why?

What will be an ideal response?

Economics

A three-word synonym for the term ceteris paribus is

A) "nothing else changes." B) "in my opinion." C) "it is proved." D) "under this assumption."

Economics