In the American economy, the central figure is the ________________.
Fill in the blank(s) with the appropriate word(s).
entrepreneur
Economics
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An industry with a large number of firms, differentiated products, and free entry and exit is called
A) perfect competition. B) monopolistic competition. C) oligopoly. D) monopoly. E) monopolistic oligopoly.
Economics
As interest rates fall,
A) the values of bonds rise. B) the values of bonds fall. C) the values of bonds are unchanged. D) the value of perpetuities are unchanged, but the value of other bonds change in value. E) the value of all bonds except perpetuities change.
Economics