Distribution control can be accomplished through all but which one of the following methods?
A. Expensive gifts at Christmas.
B. Predatory pricing.
C. Long-term supply contracts.
D. Selective discounts.
Answer: B
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A decrease in the price of a fixed factor of production decreases total cost and
A) increases marginal cost. B) leaves marginal cost unchanged. C) decreases marginal cost. D) increases variable cost.
Elaborate on your answer to the previous question by using demand curves. For which good does demand change and for which good does the quantity demanded change?
What will be an ideal response?
If the United States produces the same level of output each year instead of increasing it,
a. the unemployment rate will rise. b. the unemployment rate will remain unchanged. c. the unemployment rate will fall. d. there will be full employment.
The three motives that John Maynard Keynes identified for why people hold money are the _______, ________ and _______ motives.
Fill in the blank(s) with the appropriate word(s).