If a firm's product is perishable, where is the firm usually located?
(A) Near a river
(B) In a city
(C) Near its suppliers
(D) Near its consumers
Ans: (C) Near its suppliers
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The organized labor movement was held back by the law of conspiracy
Indicate whether the statement is true or false
The amount of reserves remaining after reserve requirements have been satisfied is called
A. the required reserve ratio. B. legal reserves. C. federal reserves. D. excess reserves.
A bilateral monopoly exists when there is a
A. single buyer and many sellers in the market. B. single buyer and a single seller in the market. C. large number of buyers and sellers in the market. D. single seller and many buyers in the market.
In 2014, the price of peanuts was rising, which lead peanut butter sellers to expect the price of peanut butter would rise in the future
Consequently, in the current market for peanut butter there was ________ which resulted in ________ in the price of peanut butter and ________ in the quantity of peanut butter. A) an increase in demand for peanut butter; an increase; an increase B) an increase in supply of peanut butter; a decrease; an increase C) a decrease in demand for peanut butter; a decrease; a decrease D) a decrease in supply of peanut butter; an increase; a decrease