The New Deal reduced

(a) government involvement in private affairs.
(b) individual liberty.
(c) taxes.
(d) rent-seeking.

(b)

Economics

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What is monopolistic competition?

a. Many companies selling similar but not identical products. b. A very few companies selling identical products. c. One company sells several different products under different names. d. One company sells the identical product under different names.

Economics

Suppose that a jewelry store found that when it increased prices by 10 percent, sales revenue increased by 3 percent. Which of the following is true about the price elasticity of demand for the store's goods?

a. Demand is perfectly inelastic. b. Demand is inelastic, but not perfectly. c. Demand is unitary classic. d. Demand is elastic, but not perfectly. e. Demand is perfectly elastic.

Economics