If there is excess supply
What will be an ideal response?
price will fall
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Why is the demand for an input considered a derived demand?
What will be an ideal response?
In Ecuador, as a share of a firm's revenue, the cost of bribes is highest for
(a) micro enterprises. (b) small enterprises. (c) medium enterprises. (d) large enterprises.
Which of the following will lead to a higher interest rate on a loan?
A) lower inflation B) lower opportunity cost C) increased perceived risk of default D) reduced likelihood of borrower not paying the loan
Generally speaking, protection from foreign competition benefits:
a. both domestic producers and foreign producers. b. both domestic consumers and foreign consumers. c. domestic consumers and foreign consumers. d. neither domestic producers nor foreign producers. e. domestic producers at the expense of domestic consumers.