If the individuals in a group of consumers have identical tastes, then the group can be treated as if it behaved as a singe representative consumer.
Answer the following statement true (T) or false (F)
False
Rationale:
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How can corporate management defend itself against a hostile takeover attempt?
In a perfectly competitive market the term "price taker" applies to
A) sellers and buyers.
B) sellers but not buyers.
C) buyers but not sellers.
D) only the smallest sellers and buyers.
According to the Rybczynski theorem, in a two-good world, with constant product prices, growth in a country's endowment of any one input results in an increase in the production of the good which does not use this input intensively.
Answer the following statement true (T) or false (F)
Which of the following would not cause the investment demand curve to shift?
A. animal spirits (expectations) B. technological change C. change in business taxes D. change in the interest rate