The impact of hurricanes on the level of business activity in North Carolina is an example of
a. seasonal variation.
b. internal force.
c. cyclical fluctuation.
d. random fluctuation.
d. random fluctuation.
You might also like to view...
The case where a firm sells each unit at the maximum amount each customer is willing to pay for it is called
A) first-degree price discrimination. B) second-degree price discrimination. C) third degree price discrimination. D) nonlinear price discrimination.
If Japan imposes a tariff on shoes from Argentina, then
a. the price of Argentinean shoes sold in Japan will fall b. the quantity of Argentinean shoes sold in Japan will rise c. Japanese shoe producers will benefit d. Japanese consumers will benefit from lower prices for Japanese shoes e. Japanese consumers will benefit from lower prices for Argentinean shoes
Demand for necessities is elastic, while demand for luxuries is inelastic.
a. true b. false
You own $10,000 in personal property, $3,000 in Corporation A stocks, $1,000 in U.S. Savings Bonds and have $500 in your checking account. If Corporation A goes bankrupt, the most you could lose is
A) $13,500. B) $11,500. C) $3,000. D) $500.