General equilibrium is a situation in which all markets are in ________ and all economic agents have made decisions _____.
A. equilibrium; in their own best interests
B. shortage; in their own best interests
C. surplus; based on only partial information
D. equilibrium; based on only partial information
Answer: A
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Jason, a freshman at a local college, just completed 15 credit hours. His grade report is presented below. CourseCreditHours Grades Calculus5 C Biology4 A English3 D Music2 B P.E.1 A The local university uses a 4 point grading system, i.e., A = 4, B = 3, C = 2, D = 1, F = 0. Compute Jason's semester grade point average.
What will be an ideal response?
Correspondence analysis data is binary or categorical
Indicate whether the statement is true or false
Compare and contrast tangible and intangible resources.
What will be an ideal response?
Answer the following statement(s) true (T) or false (F)
1. Psychographic segmentation divides the market according to aspects of the product use, including volume and brand loyalty. 2. The marketing mix is composed of product, price, distribution, and promotion. 3. A firm must first determine the target market and then develop an appropriate marketing mix. 4. Economic conditions, competition, and technology are the only essential elements in the marketing environment. 5. The process of purchasing an expensive sports car involves extensive decision making.