In a perfectly competitive market, situations of surplus or shortage of a good:
A) exist till the government or any ruling authority intervenes.
B) are permanent phenomena.
C) can exist simultaneously.
D) are self-corrected due to the competitive nature of the market.
D
Economics
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Gross Domestic Product measures the market value of all intermediate goods and services produced in the world during a given period, usually a year
Indicate whether the statement is true or false
Economics
A bank has $500,000 in deposits and $475,000 in loans. It has loaned out all it can. It has a reserve ratio of
a. 2.5 percent. b. 5 percent. c. 9.5 percent. d. 25 percent.
Economics