The M form organization says China's success is due to:
a. central planning
b. state capitalism
c. regional competition
d. the Hukuo system
e. none of the above
C
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A monopolist is defined as
A) a firm with annual sales over $10 million. B) a large firm, making substantial profits, that is able to make other firms do what it wants. C) a single supplier of a good or service for which there is no close substitute. D) a producer of a good or service that is expensive to produce, requiring large amounts of capital equipment.
The curve that shows the relationship between the price of a good and the quantity that consumers are willing to purchase at each price is the
a. supply curve. b. demand curve. c. production possibilities curve. d. consumption curve.
What is the opportunity cost of moving from point D to point C?
Hypothetical Production Schedule for Two-Product Economy
If the quantity of money demanded exceeds the quantity of money supplied, then
A. you can make no conclusions about the relative supply and demand of nonmonetary assets. B. the quantity of nonmonetary assets demanded will still equal the quantity supplied, all else being equal. C. the quantity of nonmonetary assets supplied exceeds the quantity demanded. D. the quantity of nonmonetary assets demanded exceeds the quantity supplied.