Even if there are significant barriers to entry, firms may not be highly profitable
a. Substitute product offerings among rivals
b. The ability of consumers to switch to substitute products easily
c. All of the above
d. None of the above
c
Economics
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The funds being lent in the federal funds market are:
A) reserves at the Fed. B) tax revenue earned by the federal government. C) bank deposits of domestic households. D) investments of foreign firms.
Economics
A policy that offers parents a tax reduction based on how much they are saving for their children's college education should ________ the equilibrium level of loanable funds and ________ the rate of long-term growth
A) increase; decrease B) increase; increase C) decrease; decrease D) decrease; increase
Economics