When new firms enter the perfectly competitive Miami bagel market, the market
A) supply curve shifts leftward.
B) supply curve does not change.
C) demand curve shifts rightward.
D) supply curve shifts rightward.
E) demand curve shifts leftward.
D
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Payments to households that do not require anything in exchange are called
A) transfer payments. B) government purchases. C) consumption expenditures. D) investment expenditures.
A mixed economy is one in which ________.
A) both resources and means of production are extremely limited and generally confined to agricultural produce B) the government or other centralized group determines and controls all resources and means of production C) both individuals and government control resources and determine production methods D) either individuals or private firms control resources and determine production methods E) there is no government intervention whatsoever in industry