A reduction in the market price of the product is most likely to be required to enable
A. Apple to sell more of its iPhones.
B. a single Midwestern grain farmer to sell a larger harvest of grain.
C. a single Northwestern logging company to sell a larger quantity of timber.
D. a single Pacific Coast fishing trawler to sell a larger quantity of tuna.
Answer: A
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A $1000 face value coupon bond with a $60 coupon payment every year has a coupon rate of
A) .6 percent. B) 5 percent. C) 6 percent. D) 10 percent.
Perfectly competitive markets will tend to under-allocate resources to nonexclusive public goods because a. these goods are produced under conditions of increasing returns to scale
b. no single individual can appropriate the total benefits provided by the purchase of such goods. c. these goods are best produced under conditions of monopoly. d. no private producer can provide the capital necessary to produce such goods.
If the equilibrium price of aspirins is $2.50 and a price ceiling is imposed at $3.00, the eventual result after market adjustment will be a(n):
a. surplus. b. shortage. c. accumulation of inventories. d. equilibrium.
Compare and contrast globalization as it existed in the late nineteenth century with globalization today
What will be an ideal response?