Many Marxist sociologists assume that large-scale economic structures are the most important factors in people's lives. Given this, what sort of sociology would these sociologists tend to prefer?
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Which of the following can occur, when the government imposes a price control on a market?
(a) Excess supply of a good/service. (b) Excess demand for a good/service. (c) Price is not at its equilibrium level. (d) All of the above.
The popularity of digital cameras has enticed large discount stores like Walmart and Costco to offer digital photo printing services. How does the offering of the printing service by Walmart and Costco affect the digital photo printing market?
A) The demand curve for digital photo printing services shifts to the right. B) The demand curve for digital photo printing services shifts to the left. C) The supply curve for digital photo printing services shifts to the right. D) The supply curve for digital photo printing services shifts to the left.
In the capital market, households ________ supply the financial resources to firms that allow them to purchase ________.
A. indirectly; capital B. indirectly; labor C. indirectly; land D. directly; capital
The cross-price elasticity of demand is the percentage change in price divided by the percentage change in the price of another good.
Answer the following statement true (T) or false (F)