A supplier of an input is unlikely to have bargaining power if
A) it has a patent on the input. B) many firms can supply the input.
C) the input supplied is specialized. D) it is the sole supplier of the input.
B
You might also like to view...
Hans Selye called beneficial stress:
a. Distress b. Eustress c. Prostress d. Type B stress
People who focus on the "competitiveness" of the United States are
A) focusing on the right thing if the United States is to stay a leading economic power. B) treating the United States as if it is a business firm. C) also focusing on the importance of education. D) correctly recognizing that trade is a zero-sum game.
The effect of an increase in aggregate supply is a(n):
a. increase in the general level of prices and a decrease in real output. b. increase in the general level of prices and an increase in real output. c. decrease in the general level of prices and a decrease in real output. d. decrease in the general level of prices and an increase in real output.
An increase in the money supply is likely to decrease:
A) prices. B) nominal income. C) money demand. D) interest rates.