During the financial crisis associated with the Great Recession, the interest rate spread between Treasury bills and bank-to-bank lending increased substantially

In the figure above, if a tax of $2 per widget is imposed on sellers, then the price of widgets paid by the buyer will be

A) more than or equal to $8. B) between $8 and $6. C) $6. D) less than $6.

For a market to be considered perfectly competitive, there should be a minimum of 1,000 firms

Indicate whether the statement is true or false