A person is ________ to the degree that he or she is willing to invest time, energy, and his or her sense of self in attaining conventional goals
Fill in the blank(s) with the appropriate word(s).
Ans: Commitment
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If the college athletic department raises the price of football tickets from $6 to $8 and sells more tickets at $8 than it had sold the year before at $6, we could reasonably conclude the demand for football tickets
A) was completely inelastic. B) had increased. C) was elastic. D) was inelastic. E) was unit elastic.
In a monopolistically competitive industry
A) firms can make an economic profit in the long run because of barriers to entry. B) the firms can never make an economic profit. C) if firms are making an economic profit, new firms enter the industry. D) firms can make an economic profit in the long run because of product differentiation.
A combination of two goods which lies beyond the production possibilities curve indicates: a. underutilization of resources
b. overutilization of resources. c. constant opportunity costs. d. a combination that cannot be produced with existing resources. e. society's most preferred combination of two goods.
Financial Systems
What will be an ideal response?