Which of the following flows from the government to the households?
a. Goods and services
b. Resources of production
c. Taxes
d. Government services
e. Loans
d
Economics
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According to the kinked demand theory, when one firm raises its price, other firms will:
a. also raise their prices. b. refuse to follow. c. increase their advertising expenditures. d. exit the industry.
Economics
A perfectly competitive firm faces a perfectly elastic demand curve
a. True b. False Indicate whether the statement is true or false
Economics