Because a competitive firm is a price taker, it faces a demand curve that is:
a. perfectly inelastic.
b. relatively inelastic.
c. relatively elastic.
d. perfectly elastic.
d
Economics
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As the capital-labor ratio increases, real GDP per worker ________, and investment per worker ________
A) increases; decreases B) decreases; increases C) increases; increases D) decreases; decreases
Economics
Writing during the Great Depression, Keynes naturally focused on problems of
a. hyperinflation. b. budget deficits. c. trade deficits. d. unemployment.
Economics