Which type of property would be the most likely to experience pollution?
A) common property
B) private property
C) property held in partnership
D) corporate property
A
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What factors other than the wage rate influence the demand for labor? How is demand affected by changes in these factors?
What will be an ideal response?
All of the following are true, except
a. Some consumers may infer high prices of a good to signal high quality b. Low prices can also signal high quality c. Promotional campaigns do not affect consumer's perception on quality d. It makes more sense to raise price when advertising makes demand less elastic
What causes the natural rate of unemployment to exist?
What will be an ideal response?
A linear demand curve:
A. must be either perfectly inelastic or perfectly elastic. B. will be more elastic when price is low and more inelastic when price is high. C. has a constant elasticity. D. has a constant slope.