The quantity of iPads that people plan to buy this month depends on all of the following EXCEPT the
A) price of a rival's tablet.
B) price of an iPad.
C) the technology used to produce an iPad.
D) price of apps.
C
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What are social costs? How do they differ from private costs?
What will be an ideal response?
Which of the following is a cost of inflation?
a. shoeleather costs b. menu costs c. relative price variability d. All of the above are correct.
An increase in government spending will cause a(n):
a. Increase in aggregate demand b. Decrease in aggregate demand c. Increase in aggregate supply d. Decrease in aggregate supply
A horizontal merger
A) is a merger between firms in the same industry. B) results in a trust (for example, the Standard Oil Company). C) is a merger between firms at different stages of production of a good. D) was illegal in the United States until the Federal Trade Commission Act was passed by Congress in 1914.