Another term for a stockbroker is an account representative.
Answer the following statement true (T) or false (F)
True
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A perfectly competitive firm is so small relative to the size of the market that the firm's decision about how much to produce:
a. has a significant effect on market price. b. has a significant effect on market supply. c. has no effect on market price. d. has no effect on the market demand.
If the price of mozzarella cheese (an ingredient in pizzas) declines due to a major technological breakthrough in the dairy industry, there would be:
A) a decrease in the supply of pizza. B) an increase in the supply of pizza. C) an increase in the quantity of pizza supplied. D) no change in the supply of pizza.
Which of the following is an example of a positive economic statement?
a. The minimum wage should be raised to help low-income workers b. The size of the Federal government should be reduced c. Education and income are highly correlated d. Nigeria should be given more foreign aid to foster economic development
Refer to the graph below. Economic growth driven by productivity and technology would be illustrated as a shift of:
A. AD1 to AD2
B. P1 to P2
C. AS2 to AS1
D. ASLR1 to ASLR2