Which of the following is a characteristic of a contestable market?
a. long-run economic profit
b. many firms that are small relative to the market
c. high costs for entry and exit
d. minimum-cost production methods
D
Economics
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Refer to Table 19-32. The table above represents hypothetical data from the National Income Accounts for 2015. Use the data to calculate personal income and disposable income
What will be an ideal response?
Economics
Assume perfect capital mobility. Under a fixed exchange rate system, expansionary fiscal policy causes the value of the dollar to _____, while expansionary monetary policy causes the value of the dollar to _____
a. rise; rise b. fall; fall c. fall; rise d. rise; fall
Economics