A group of producers who join forces to buy supplies and equipment and to market their output is a(n) ______
A) not-for-profit organization.
B) S corporation.
C) producer cooperative.
D) sole proprietorship.
E) cottage industry.
Answer: C) producer cooperative.
You might also like to view...
In the above figure, a surplus exists in the gasoline market when the price is
A) $1/gallon. B) $2/gallon. C) $4/gallon. D) below $2/gallon.
If a product's price increases, then its:
a. MP will increase. b. MFC will increase. c. MRP will increase. d. MP will decrease.
Jay was just drafted by a professional baseball team, and was offered a record-breaking contract because of his potential. This is an example of
a. a human capital differential. b. a compensating differential. c. signaling theory. d. the superstar phenomenon.
Which of the following serves as an automatic stabilizer in the economy?
A. the progressive income tax B. interest rates C. exchange rates D. the inflation rate