If few people have the skill required for a job, it will pay less.
Answer the following statement true (T) or false (F)
False
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Customers often complain about the high price of accessories for their cell phone including batteries, chargers and head sets. Often these items can cost even more than the price of the phone
Explain using price elasticity why this might be the case.
Bonds with relatively low risk of default are called ________ securities and have a rating of Baa (or BBB) and above; bonds with ratings below Baa (or BBB) have a higher default risk and are called ________
A) investment grade; lower grade B) investment grade; junk bonds C) high quality; lower grade D) high quality; junk bonds
For a firm with market? power, the price effect is the? ________.
Health care debates illustrate how special interest groups can use their lobbying power to "control" the federal government to transfer wealth from one group of productive, income earning individuals to another group that may or may not be
productive. Indicate whether the statement is true or false