When a company applies data-analytics techniques to large amounts of information on product prices, quality features and quantities sold, the company is dealing with
A. macroeconomic issues.
B. microeconomic issues.
C. non-economic issues.
D. aggregate economic issues.
Answer: B
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Fungibility means that
a. donors allow recipients to use aid money for any purpose they want b. even if aid money is specified for a project, this frees up a similar amount for other uses c. aid money is given for programs that allow recipients to choose how to use it, within specific limits d. aid money is given in the local currency so its source is unidentifiable e. all of the above
Both the classical and monetarist models assume all of the following except
a. perfectly flexible prices. b. perfectly flexible wages. c. perfect information. d. vertical aggregate supply curve in the long-run.
When two goods are unrelated
A) the demands for both goods will be inelastic. B) cross price elasticity of demand will be 0. C) cross price elasticity of demand will be negative. D) cross price elasticity of demand will be positive.
When a perfectly competitive firm is in long-run equilibrium, it and all other firms are on the lowest point of their average cost curves
Indicate whether the statement is true or false