When new firms have an incentive to enter a competitive price-taker market, their entry will
a. increase the price of the product.
b. drive down profits of existing firms in the market.
c. shift the market supply curve to the left.
d. increase demand for the product.
B
Economics
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Money is used as a ________ when you visit the local farmers' market and compare prices across different vendors
A) means of payment B) unit of account C) store of value D) medium of exchange E) measure of barter
Economics
Which of the following is an example of a fiscal policy?
A) The federal government increases income tax rates on people earning more than $250,000. B) The Federal Reserve takes action to greatly decrease the money supply. C) The Federal Reserve increases interest rates. D) Businesses begin to export and import more products and services.
Economics