Which of the following people came close to abolishing scarcity in their regions some years ago?
A) Major Kwame Kilpatrick in Detroit
B) President Bill Clinton in the U.S
C) Governor Sarah Palin in Alaska
D) All of the above.
E) None of the above.
E
Economics
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Which of the following is the most likely cause of a recession according to classical and new classical models?
a. government policy. b. unstable expectations. c. a fall in expected profits. d. an anticipated change in the money supply. e. none of the above.
Economics
Oligopoly firms acting individually may seek to gain profits in which of the following ways?
a. By expanding levels of output and cutting prices b. By selling products that are distinctive in some way c. By having a mini-monopoly on a brand name d. By decreasing production and raising prices
Economics