The concept of market conduct includes such things as ____
a. pricing behavior of the firm or group of firms
b. product policy of the firm or group of firms
c. the degree of seller and buyer concentration in the market
d. a and b only
e. a, b, and c
d
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In new growth theory, growth in real GDP per person occurs because
i. human capital grows indefinitely. ii. technology advances as a result of choices individuals make. iii. profit incentives encourage technological change. A) i only B) ii only C) iii only D) both i and iii E) i, ii, and iii
Unlike a "service," a "good"
a. is desirable b. uses resources to satisfy wants c. is physical and tangible d. is abundant and free e. is a resource
The World Bank obtains the funds it lends by:
a. selling bonds on the international bond market. b. selling bonds to countries it has loaned funds to. c. collecting each country's annual membership fee or quota. d. levying a small tax on every foreign exchange conversion worldwide. e. depending on voluntary subsidies from member nations.
A major attraction of the flat tax is its simplicity.
Answer the following statement true (T) or false (F)