Fragmented markets are those that are
a. functioning in relative isolation from each other
b. separated by considerable distance
c. functioning only some of the time
d. easily destroyed by outside events
e. none of the above
A
Economics
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A consumer's budget line for food (F) and shelter (S) is represented as F = 250 - 5S. If the price of shelter increases by 2 and consumption of shelter remains constant at 20, how will consumption of food change?
A) decrease by 10 B) decrease by 20 C) decrease by 40 D) decrease by 60
Economics
Faster economic growth in the United States may lead to the serious macroeconomic problem of higher
a. levels of unemployment. b. federal budget deficits. c. levels of inflation. d. levels of poverty.
Economics