中国大学MOOC: Many economists believe that advertising helps increase competition, _______ leads to lower prices, thus benefiting consumers and the economy as a whole.
举一反三
- 中国大学MOOC: Perfect competition exists when many consumers are buying standardized products from a few small businesses.
- Competition among firms in an industry can lower prices and profits
- Inflation is defined as ( ). A: an increase in the overall level of prices in the economy B: a period of rising productivity in the economy C: an increase in the overall level of output in the economy D: a period of rising income in the economy
- 中国大学MOOC: Unemployment is rising, prices are increasing; ______, the economy is in trouble.
- Which of the following best reflects an increase in quantity demanded and not an increase in demand? A: A college expects enrollment to increase, despite no change in the tuition. B: Skiing becomes a fashionable winter sports activity. C: The price of hair styling falls. D: Consumers expect lower prices next month for computers.