The Forex is the smallest market in the world ?
A. True
B. False
false
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Market equilibrium is: a. defined as the condition in which there is neither a shortage or surplus
b. defined as the condition under which the separately formulated plans of buyers and sellers exactly mesh when tested in the market. c. represented graphically by the intersection of the supply and demand curves. d. all of the above.
According to critics of advertising, when advertising is used by a firm, the price of the firm’s product will ______.
a. fluctuate b. stabilize c. increase d. decrease
Which of the following examples would most likely rely on location to differentiate a product?
a. a woman’s clothing store b. a producer of pens c. a construction company d. a cherry orchard
Which of the following is considered a renewable natural resource?
A. Aquifers. B. Coal. C. Petroleum. D. Iron.