The world price of a good is determined by the
A. demand for that good in the world market.
B. country that produces the good.
C. supply of that good in the world market.
D. worldwide demand and supply of that good.
Answer: D
You might also like to view...
When does a game have a first-mover advantage?
What will be an ideal response?
Since 1980, discount loans have been available
A) only to member banks of the Federal Reserve System. B) only to national banks. C) only to state banks. D) to all depository institutions.
Davis (1963) compares U.S. and British industrialization. What does he note in each country during industrialization?
(a) A rise in the number of giant banks in both countries (b) A rise in the number of small banks in the U.S. but a rise in the number of giant banks in Great Britain (c) A rise in the number of small banks in Great Britain but a rise in the number of giant banks in the U.S. (d) A decrease in capital accumulation because of a small number of free banks
An example of a good that exhibits a negative network externality is:
A. telephones. B. a wireless internet connection. C. Facebook. D. All of these are examples of goods that create negative network externalities.