Which of the following is a determinant of consumer demand?
A) expectation of the future relative price of a product
B) taxes imposed on firms that sell the product
C) cost of inputs used to produce the product
D) number of firms that produce the product
A
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Which of these is a disadvantage of issuing stock relative to bonds?
A model in which individual producers act as price setters, because there are only a few sellers and the product they sell is not standardized, is called
A) imperfect competition. B) perfect competition. C) monopoly. D) monopsony.
Which of the following is a criterion for determining whether a foreign nation is dumping?
a. The good is not produced at home. b. The good is selling below the price in the exporting nation. c. The good is priced below average total cost. d. The good is selling below the price in the exporting nation or is priced below average total cost.
If you believe that all workers should be paid the same, you believe in the
A) egalitarian principle. B) productivity standard. C) benefits standard. D) comparative worth principle.