Which of the following industries is perfectly competitive?

A. Heavy duty trucks.
B. Cell phone service.
C. Fast-food restaurants.
D. Wholesale fresh flowers.

Answer: D

Economics

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The short-run aggregate supply curve in modern Keynesian analysis is

A) downward sloping. B) horizontal. C) vertical. D) upward sloping.

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Which of the following is a role of financial institutions?

a) Increasing product demand. b) Diversifying assets to reduce risk. c) Establishing marginal tax rates. d) Controlling inflation.

Economics