(Thisbook)of(him)usedtobeoneofthebest(sellers)(in)theshop. A: Thisbook B: him C: sellers D: in

Producer surplus measures A: the benefits to sellers of participating in a market. B: the costs to sellers of participating in a market. C: the price that buyers are willing to pay for sellers' output of a good or service. D: the benefit to sellers of producing a greater quantity of a good or service than buyers demand.

The international market price of goods is determined by the competition between buyers and sellers, namely, the law of supply and demand. It includes（ ） A: Competitive selling between sellers B: Competitive buying between buyers C: Competition between buyers and sellers D: Competitive buying between sellers E: Competitive selling between buyers

A tariff on a product makes: () A: domestic<br/>sellers better off and domestic buyers worse off. B: domestic<br/>sellers worse off and domestic buyers worse off. C: domestic<br/>sellers better off and domestic buyers better off. D: domestic<br/>sellers worse off and domestic buyers better off.

If sellers respond substantially to changes in price, then

Which of the following statements is most accurate in regard to the tax division between buyers and sellers of products with perfectly elastic demand A: Sellers pay the entire tax. B: Buyers bear the entire tax burden. C: Buyers and sellers share the tax burden.

This contract is made by and between the buyers and the sellers, whereby the buyers agree to buy and the sellers agree to sell the under-mentioned commodity according to the terms and conditions stipulated below.

________ is the payment term that the sellers possibly like best.

Inquiries are usually made by sellers in international trade.

Which of the following is a characteristic of perfect competition? A: . A single seller. B: . A small number of buyers. C: . Buyers and sellers are price setters. D: . Buyers and sellers are price takers.