Which of the following would be considered a contingent? contract?
A) a piece rate contract
B) a profit-sharing contract
C) a contact with a bonus
D) All of the above.
Ans: D) All of the above.
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All else equal, a decrease in the demand for oranges will lead to a(n) ________ in equilibrium price and a(n) ________ in equilibrium quantity.
A. increase; decrease B. decrease; decrease C. increase; increase D. decrease; increase
Briefly describe the factors that contributed to the U.S. Current Account deficits of the 1990s
What will be an ideal response?
Short-run aggregate supply is greater than long-run aggregate supply in the misperceptions theory if
A) the actual price level is greater than the expected price level. B) the actual price level equals the expected price level. C) the actual price level is less than the expected price level. D) output is less than its full-employment level.
When quantity demanded responds strongly to changes in price, demand is said to be
a. fluid. b. elastic. c. dynamic. d. highly variable.