The consumers that the CPI is based on includes:
A. "urban consumers."
B. professors.
C. unemployed persons in urban areas.
D. All of these are included.
D. All of these are included.
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A firm's basic goal is best described as
A) maximizing total revenue. B) maximizing sales. C) maximizing profit. D) minimizing total cost.
In the United States, a collusive agreement to restrict output and increases prices is
A) legal. B) the key tool used by oligopolists. C) illegal. D) the key tool used by monopolistic competitors.
When you purchase a new surfboard you do so in the
A) factor market. B) input market. C) product market. D) resource market.
The tasks performed by the chef at your favorite restaurant could be categorized as
A) a good. B) an economic good. C) a service or intangible good. D) All of the above are correct.