In a competitive price-taker market,
a. many other sellers are offering a product that is essentially identical.
b. consumers have more influence over the market price than producers do.
c. government intervention prevents firms from influencing price.
d. producers agree not to change the price.
A
Economics
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The anticipated effect of contractionary monetary policy is
a. increase in aggregate demand. b. fall in interest rates. c. increased capital outflow. d. appreciation of the currency.
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The level of U.S. exports depends ________ the level of income in other countries.
A. indirectly on B. directly on C. entirely on D. inversely with
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