A market will tend to be more competitive when
a. there are a small number of firms in the market.
b. similar products are available from alternative sellers.
c. entry barriers into the market are high.
d. governments require firms to meet strict regulatory standards.
B
Economics
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The number of workers employed will not change as a result of an increase in productivity when which of the following occurs?
A) The AS curve shifts downward. B) Output growth exceeds productivity growth. C) Productivity growth is equal to output growth. D) The AD curve shifts to the right. E) none of the above
Economics
The largest component of the M1 definition of the money supply is:
a. traveler's checks. b. savings accounts. c. money market accounts. d. checkable deposits
Economics