India and China represent a great opportunity for U.S. companies because they have
Enourmous populations
You might also like to view...
As prices rise, people will buy fewer goods and services because:
a. the interest rate has declined. b. aggregate demand has increased. c. the purchasing power of the fixed quantity of money has declined. d. the income of households has increased.
A monopolist
a. has a supply curve that is upward-sloping, just like a competitive firm. b. does not have a supply curve because the monopolist sets its price at the same time it chooses the quantity to supply. c. has a horizontal supply curve, just like a competitive firm. d. does not have a supply curve because marginal revenue exceeds the price it charges for its products.
In a perfectly competitive market,
a. no one seller can influence the price of the product. b. price exceeds marginal revenue for each unit sold. c. average revenue exceeds marginal revenue for each unit sold. d. All of the above are correct.
Most economists agree that the self-correcting mechanism works
A. very slowly. B. very rapidly. C. rapidly in the short run and slowly in the long run. D. slowly in the short run and rapidly in the long run.