Goods and services are sold

A) only as intermediate goods. B) by households.
C) in the factor markets. D) in the product markets.

D

Economics

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The process in which economic growth destabilizes existing regimes and reduces the political power of rulers and monarchs is referred to as:

A) institutional destruction. B) polarization. C) division of powers. D) political creative destruction.

Economics

The purpose of an effluent fee is to

A) reduce the amount produced of a good and to raise the market price. B) correct for pollution while keeping the price of the good the same as before the correction. C) reward people producing externalities. D) encourage producers to keep the quantity produced the same while lowering the price.

Economics