An example of third parties in the market of automobiles is
A) a pedestrian that is affected by the polluted air from automobiles.
B) a seller of an automobile.
C) a buyer of an automobile.
D) None of the above belongs to third parties.
Answer: A
You might also like to view...
If cross-price elasticity of demand between two goods is positive, the two goods are:
A. substitutes. B. complements. C. normal. D. inferior.
Small differences in economic growth rates result in small differences in living standards
Indicate whether the statement is true or false
In some areas, local appraisers have formed ________________________.
Fill in the blank(s) with the appropriate word(s).
Use the aggregate expenditures model and the following values to answer the next question. AMPCIGT$7500.5$1,000$1,000$500Determine equilibrium real GDP for this economy.
A. $5,000 B. $5,500 C. $4,000 D. $4,500