Refer to the information provided in Figure 3.14 below to answer the question(s) that follow.
Figure 3.14Refer to Figure 3.14. At a price of $30, there is an excess
A. demand of 750 sunglasses.
B. supply of 300 sunglasses.
C. demand of 450 sunglasses.
D. demand of 300 sunglasses.
Answer: C
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Unlike the steel industry, the automobile industry
(a) became more concentrated. (b) became less concentrated. (c) remained the same in terms of concentration. (d) constantly fluctuated in terms of concentration.
Regarding short-range exchange rate movements, which of the following statements is NOT true?
a. they may vary from week to week b. they may vary from hour to hour c. are similar to those of the transaction demand determinants of long-term trends in exchange rates d. determined by arbitrage activity e. both a and b are false
A philosophical influence on the European model was:
a. Buddhism b. Adam smith. c. Mercantilism d. Confucianism e. Ricardo
One example of labor-market discrimination is that firms may be less likely to interview job-market candidates whose names suggest that they are members of a racial minority
a. True b. False Indicate whether the statement is true or false