Which of the following was considered a mild recession?
A. 1937-1938
B. 1973-1975
C. 1981-1982
D. 1990-1991
D. 1990-1991
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Refer to Figure 2-4. A movement from ________ is the result of additional government restrictions on the pollution that results from plastic production
A) Z to W B) X to V C) X to W D) Z to Y
The maximum price that a consumer is willing to pay for a good is called:
A) the reservation price. B) the market price. C) the first-degree price. D) the block price. E) the choke price.
Which of the following is the best example of an intermediate good?
a. a new fighter jet purchased by the federal government b. tires purchased by an automobile manufacturer for installation on new cars c. a new saw purchased by a carpenter d. screwdrivers purchased by a homeowner for home repairs e. aprons purchased by restaurant chefs
Which of the following is a component of predatory pricing?
a. a price reduction after a competitor leaves the market b. a price hike for a specific group of customers c. a price reduction designed to sell tied goods d. a price hike after a competitor leaves the market