Which of the following is a factor that affects both the supply of and demand for a good?
A. Technology
B. Price of inputs
C. Consumers' income
D. Government regulations
D. Government regulations
You might also like to view...
Antitrust cases that are brought to the courts by the Justice Department typically rely on perfect competition as a benchmark for lawyers to determine whether a firm is competitive or monopolistic
Why is this a troublesome criterion to use in prosecuting such cases?
Consumer surplus is the:
a. amount by which the quantity supplied of a good exceeds the quantity demanded of a good. b. measure of consumes' willingness to buy a good plus the price of the good. c. measure of how much consumers value a good. d. amount consumers are willing to pay for a good minus the amount the consumers actually pays for it.
To minimize costs, a firm should use more capital and less labor if the product derived from the last dollar spent on labor is ________ the product derived from the last dollar spent on capital.
A. equal to B. greater than C. less than D. either greater than or less than
Microfinance is the practice of lending ________, with no collateral, and accepting ________ savings deposits.
A. foreign currency; foreign currency as B. very small amounts of money; small C. money electronically; electronic D. government-backed funds; government securities as