Which of the following is not an expression for the sum of all the individual demand curves for a product?
a. total demand
b. market demand
c. equilibrium demand
d. aggregate demand
c
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Country A's income per capita is higher than that of Country B. Country A is likely to have ________
A) a higher life expectancy at birth B) a lower life expectancy at birth C) a higher exchange rate D) a higher unemployment rate
There no tendency for firms to either enter or leave the market ______.
a. at positive economic profits b. at zero economic profits c. at growing economic profits d. at economic losses
A separate legal entity established by two or more companies to pursue shared business objectives.
What will be an ideal response?
When considering international trade, which of the following would be most conducive to domestic economic growth?
A. an economy with free and open markets to the outside world B. an economy in which its domestic industries are protected by tariffs C. an economy in which most decisions are made by a central governmental authority D. a closed economy