Which of the following is a feature of a perfectly competitive market?

A) There is only one seller of a commodity.
B) The government rations commodities.
C) Commodities are auctioned to the highest bidder.
D) Each seller is too small to influence the market price.

Economics

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Over the long run, a government's fundamental source of revenues is

A) printing money. B) user fees and taxes. C) exports. D) gold sales.

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At what level of output is investment both positive and holding steady?

a. Y1
b. Y*
c. Y2
d. 0

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