Which of following is the best example of a monopoly if we use a broader definition of monopoly?
A) Santos Tacos, the only taqueria in the small town of Santosville
B) Cheap Gas, one of two gasoline stations in a large rural community
C) Spuds McKenzie, a wealthy potato farmer in Idaho
D) Zippie Rentals, a sports car rental service in the downtown Boston area
A
Economics
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Why do many economists believe that money affects output? What is the empirical evidence in support of that belief?
What will be an ideal response?
Economics
For most people, the problems of inflation are caused by the fact that
A) the inflation is unanticipated. B) the inflation is anticipated. C) the inflation rate causes the purchasing power of money to increase. D) all prices change so there is no way to protect themselves against the decline in their wealth.
Economics