Which of the following are NOT characteristics of a competitive market?
A) There is freedom of entry and exit.
B) There are zero transaction costs.
C) There are only one or two sellers.
D) Buyers and sellers have complete information.
C
Economics
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The Japanese economy is stuck in a recessionary gap. The proper fiscal policy could include a(n)
a. decrease in taxes. b. increase in government purchases. c. increase in transfer payments. d. All of the above are correct.
Economics
The largest source of revenue for the federal government is the
a. individual income tax. b. property tax. c. sales tax. d. corporate income tax.
Economics