According to the law of demand, the quantity demanded of a good is related to
A) the average price of all goods.
B) income.
C) any factor that affects the decision of an individual consumer but not the market.
D) the relative price of that good.
D
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Financing accounts receivable and inventory is known as
A) capital financing. B) working capital financing. C) long-term financing. D) equity financing.
Which is the most accurate statement?
A. The authority to run welfare programs resides mainly in the states. B. The authority to run welfare programs resides mainly in the federal government. C. When the 1996 welfare reform passed, it immediately removed 3 million people from the welfare rolls. D. The welfare reform law of 1996 will virtually abolish welfare by the year 2008.
Insurance companies practice statistical discrimination because:
A. young males are more likely than other groups to generate insurance claims. B. insurance markets aren't perfectly competitive. C. young males are willing to pay more for insurance than other groups. D. the demand for insurance is very inelastic.
If a country is net exporter, free trade will hurt the ________.
A. poor citizens of the country B. domestic producers C. domestic consumers D. rich citizens of the country