Which of the following is most likely to be a normal good?
a. trips to the laundromat
b. macaroni-and-cheese dinners
c. tickets to major league baseball games
d. bus rides
e. used paperback books
C
Economics
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In an oligopoly, there are
A) many firms and barriers to entry. B) many firms and no barriers to entry. C) few firms and barriers to entry. D) few firms and no barriers to entry. E) barriers to entry and only one firm.
Economics
Countries like Argentina and Australia protect agriculture less heavily than other agricultural producers because
A) they have a large comparative advantage in production. B) it is illegal under WTO rules. C) they do not have significant agricultural sectors. D) they are trying to help other countries.
Economics