A change in the price of a good
A) shifts the good's demand curve and also causes a movement along it.
B) shifts the good's demand curve but does not cause a movement along it.
C) does not shift the good's demand curve but does cause a movement along it.
D) neither shifts the good's demand curve nor causes a movement along it.
C
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The ratio of cash and securities to total assets is a traditional measure of __________ risk
A) credit B) leverage C) interest rate D) liquidity
Perfect price discrimination is
A) realistic. B) practiced by many firms. C) a purely theoretical possibility. D) very common.
Ralph is a plumber. Which of the following are included in his human capital?
a. the knowledge he learned on the job, and the tools he uses b. the knowledge he learned on the job, but not the tools he uses c. the tools he uses, but not the knowledge he learned on the job d. neither the knowledge he learned on the job nor the tools he uses
Price floors are introduced to:
(a) Help suppliers as they know that the maximum price they will receive for their output is above equilibrium. (b) Help suppliers as they know that the minimum price they will receive for their output is above equilibrium. (c) Help consumers to ensure that they are not exploited by producers and allow them to purchase at a price lower than equilibrium. (d) Prevent inflation within the market.