Price leadership is when one firm sets price for the industry and the others follow.
Answer the following statement true (T) or false (F)
True
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The ________ is calculated by multiplying the coupon rate times the par value of the bond
A) present value B) face value C) coupon payment D) maturity payment
A copyright for works created by individuals are in effect for the life of the creator plus ________ years.
A) 95 B) 100 C) 120 D) 70
The change in consumption divided by a change in income is defined as
a. the marginal propensity to consume b. autonomous consumption c. the consumption function d. Keynes's absolute income hypothesis e. transitory consumption
Both conservatives and liberals tend to approve of markets because
a. markets are effective in solving many of society's problems. b. markets work well in all cases, and can be relied upon to solve problems. c. their goals are similar enough that they can rely on the same means. d. production is the most important goal, and market systems are very productive. e. of all of the above.