If the market demand and the market price for a product increase, then the reaction of companies that manufacture this product
A. will be dependent on the prevailing tax system.
B. will be dependent on the government regulatory mission.
C. will depend on whether or not the organization is attuned to market incentives.
D. will be identical.
Answer: C
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Economic growth is slow or absent in some economies because those lack
A) political freedom. B) democracy. C) a strong government. D) cultural freedom. E) economic freedom.
Cooperation in an infinite game
A. is impossible. B. is possible if grim strategies are used. C. is guaranteed. D. is possible if no one cares about the future.
The wide acceptance of fiat money is determined by: a. people's belief that it is worth something
b. the amount of precious metal that the government holds to back the money. c. the money's market value as a commodity. d. the rate of interest, which is the price paid to borrow money. e. its ability to function as a unit of account.
Find equilibrium price and quantity.