Another term for an economic variable whose value is given is ________
A) endogenous
B) exogenous
C) autonomous
D) ornamental
B
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The example of the VCRs from Korea illustrates dumping due to
A) retaliatory trade practices. B) predatory pricing. C) avoidance of environmental laws. D) price discrimination.
Refer to Figure 12-16. Which panel best represents the perfectly competitive organic produce market in which some firms are experiencing short-run losses, and consumers are displaying an increased preference for organic produce?
A) Panel A B) Panel B C) Panel C D) Panel D
The law of supply includes the statement "other things being equal." These other things include all of the following EXCEPT
A) resource prices. B) technology. C) producers' expectations. D) consumer's income.
Which of the following is the best description of the risks of corporate bonds?
a. the firm declines to pay dividends b. both bankruptcy and higher market interest rates c. only bankruptcy d. lower market interest rates e. both the firm declines to pay dividends and higher market interest rates