In order for an individual to receive a black belt in karate, they must pass a series of tests designed by a third party. An announcement listing those individuals who received their black belt in karate is an example of ________.
A) a trademark
B) screening
C) moral hazard
D) a certification
D) a certification
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The measurement system used by the U.S. government to estimate national income is
A) the sum of financial transactions, transfer payments and secondhand goods. B) the sum of consumption plus investment expenditures. C) national income accounting. D) the GDP deflator.
Which of the following is not a determinant of demand?
a. production costs b. consumer expectations c. prices of related goods d. tastes and preferences of consumers
The portion of corporation profits received by shareholders is termed
a. stocks b. bonds c. dividends d. interest e. principal
Refer to Figure 5.1. In which graph could a shift from BL1 to BL2 represent a doubling of the prices of both Books and DVDs?
A. A
B. B
C. C
D. D