Countertrade is an efficient way of doing business.
a. true
b. false
b. false
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Recently proposed revisions to the NESHAP
a. have been enacted without debate b. include one aimed at coal-fired and oil-fired power plants c. will weaken national controls on toxics d. none of the above
According to the U.S. Robinson - Patman Act of? 1936, price discrimination
A. may be used to drive rivals out of business. B. is always illegal. C. can only be justified if the price discrimination is due to actual cost differences. D. is legal unless it harms competition.
Demand is more elastic for an item for which few substitutes are available.
Answer the following statement true (T) or false (F)
The determinants of elasticity include
A. price relative to income. B. availability of substitutes. C. time. D. all of the above