In which of these markets would the firms be facing the least elastic demand curve?
A) perfect competition
B) pure monopoly
C) monopolistic competition
D) oligopoly
B
Economics
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The development of human capital
A) is a form of investment. B) enhances economic growth, but the individuals acquiring the capital are not made better off themselves. C) does not appear to enhance economic growth. D) enhances economic growth, but it does not improve the productivity of the labor force.
Economics
A tax imposed by a government on imported goods or services is a:
A) quota. B) tariff. C) nontariff barrier. D) trade embargo.
Economics