Which of the following is the best example of an oligopolistic industry?

A) public education
B) the beef market
C) the beauty products industry
D) the pharmaceutical industry

D

Economics

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Everything else equal, how will a decrease in the interest rate in Mexico affect Mexico's GDP?

What will be an ideal response?

Economics

If quantity of tea is measured on the horizontal axis and quantity of coffee is measured on the vertical axis, an increase in the price of coffee will cause the budget constraint to:

A) pivot leftward along the vertical axis. B) pivot rightward along the vertical axis. C) pivot leftward along the horizontal axis. D) pivot rightward along the horizontal axis.

Economics