Monopolistically competitive firms advertise to attempt to
A) lower their average variable costs.
B) build brand loyalty.
C) lower barriers to entry.
D) increase barriers to entry.
B
Economics
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The effect of opening trade between countries is
A. living standards rise in the country with efficient, high-pay workers. B. both countries can exploit comparative advantage and increase productivity. C. total world production increases as both countries specialize in specific goods. D. All of the above are correct.
Economics
All totaled, local, state, and federal governments spend ________ on police, the judiciary, and prisons.
A. $21.4 billion B. $265 billion C. $19.7 trillion D. $214 million
Economics