Wealth and income are the same

Kyra's Vedic Secrets produces hair masks and hair spa products. The firm advertises a secret natural ingredient used in its products that completely stops hair fall and improves hair growth. Consumers have a high perception of its products' quality and are ready to pay a marginally higher price for its products than for its rival's products. The firm described in this example is operating in a(n)

_____. a. perfectly competitive market b. monopoly c. oligopoly d. monopolistically competitive market

Cyclical unemployment is caused by

A. technological change. B. predictable shifts in production associated with different seasons. C. a dynamic economy in which people want to switch jobs sometimes. D. changes in an economy's overall condition.