Economists admire perfect competition for all of the following reasons except
a. market prices are at their lowest possible levels
b. quantities are higher than with any other market condition
c. consumers get the greatest variety of differentiated goods
d. P = MC = ATC = MR
e. goods are produced at minimum average total cost
C
Economics
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Agreements such as the ________ are attempts to standardize international banking regulations
A) Basel Accord B) UN Bank Accord C) GATT Accord D) WTO Accord
Economics
Suppose the CPI was 104 in 1967, and suppose currently the CPI is 390 . According to the CPI, $10 in 1967 purchased the same number of goods and services as
a. $28.88 purchases today. b. $37.50 purchases today. c. $42.64 purchases today. d. $104.00 purchases today.
Economics