Since the U.S. is organized as a market economy, the government sector does not play any role in economic activity

a. True
b. False
Indicate whether the statement is true or false

False

Economics

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The demand curve an individual competitive firm faces is known as its

A) excess demand curve. B) market demand curve. C) residual demand curve. D) leftover demand curve.

Economics

Which of the following events would result in an increase in the demand for natural gas, causing the demand curve to shift outward?

A. A decrease in the price of electricity B. An increase in the price of furnaces C. An increase in the price of heating oil D. A decrease in the price of natural gas

Economics