In terms of the dollar value of payment, which of the following comprises the largest share?
a. cash
b. personal checks
c. debit cards
d. credit cards
b. personal checks
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What is unemployment and what is the unemployment rate? What are the costs of unemployment?
What will be an ideal response?
The merger of Chrysler and American Motors was a ____ merger.
A. horizontal B. vertical C. conglomerate D. diversifying
"Internal economies" derive from all of the following except
(a) Division of labor (b) Production of standardized products (c) The use of mass production techniques (d) There is no "except"; all of the above apply
A specialized rice grower sells rice in two markets, the United States and Japan, and the marginal cost is the same in both markets. The price elasticity of demand in the United States is -2.0, and the price elasticity of demand in Japan is -1.5
If the grower practices group price discrimination, which country's consumers will pay a higher price and by how much?