The firm's demand curve in monopolistic competition slopes downward because
a. there are strong barriers to entry in the industry
b. of product differentiation among the goods firms produce
c. only few firms exist in the industry
d. the market demand curve is downward sloping
e. the market demand curve is horizontal
B
Economics
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If your planned consumption expenditure is $600 per month and your disposable income is $500 per month, your
A) induced consumption is $600. B) saving is $100 per month. C) dissaving is $100 per month. D) autonomous consumption is -$100 per month. E) autonomous consumption must be zero per month.
Economics
The single best indicator of the degree of economic inequality in a country is the
a. top/bottom ratio b. Gini coefficient c. poverty rate d. Kuznets curve e. bell curve
Economics