In the simple circular-flow diagram, the participants in the economy are A: firms and government. B: households and firms. C: households and government. D: households, firms, and government.
In the simple circular-flow diagram, the participants in the economy are A: firms and government. B: households and firms. C: households and government. D: households, firms, and government.
中国大学MOOC: Suppose that the government imposes a business licence fee of $100 on all firms. Profit-maximizing firms that stay in business will respond to this tax by
中国大学MOOC: Suppose that the government imposes a business licence fee of $100 on all firms. Profit-maximizing firms that stay in business will respond to this tax by
Customs procedures should， on the basis of compliance on the part of firms， be simplified， （facilitating） trade for firms.（） A: sorting B: grading C: easing D: shipping
Customs procedures should， on the basis of compliance on the part of firms， be simplified， （facilitating） trade for firms.（） A: sorting B: grading C: easing D: shipping
In the circular flow model, for every flow of goods, services, and<br/>resources there is a counter-flow of’ ( ) A: more goods, services, and resources. B: people from firms to households. C: people from households to firms. D: money.
In the circular flow model, for every flow of goods, services, and<br/>resources there is a counter-flow of’ ( ) A: more goods, services, and resources. B: people from firms to households. C: people from households to firms. D: money.
In the simple circular-flow diagram, A: households own the factors of production. B: households buy all the goods and services that firms produce. C: land, labor, and capital flow from households to firms. D: All of the above are correct.
In the simple circular-flow diagram, A: households own the factors of production. B: households buy all the goods and services that firms produce. C: land, labor, and capital flow from households to firms. D: All of the above are correct.
Suppose that the government imposes a business licence fee of $100 on all firms. Profit-maximizing firms that stay in business will respond to this tax by A: raising prices to pay the tax B: cutting output to reduce costs C: lowering prices to stimulate sales D: doing nothing
Suppose that the government imposes a business licence fee of $100 on all firms. Profit-maximizing firms that stay in business will respond to this tax by A: raising prices to pay the tax B: cutting output to reduce costs C: lowering prices to stimulate sales D: doing nothing
Suppose that the government imposes a business licence fee of $100 on all firms. Profit-maximizing firms that stay in business will respond to this tax by A: raising prices to pay the tax. B: cutting output to reduce costs. C: lowering prices to stimulate sales. D: doing nothing.
Suppose that the government imposes a business licence fee of $100 on all firms. Profit-maximizing firms that stay in business will respond to this tax by A: raising prices to pay the tax. B: cutting output to reduce costs. C: lowering prices to stimulate sales. D: doing nothing.
The circular-flow diagram illustrates that, in markets for the factors of production, ( ) A: households are sellers, and firms are buyers. B: households are buyers, and firms are sellers. C: households and firms are both buyers. D: households and firms are both sellers.
The circular-flow diagram illustrates that, in markets for the factors of production, ( ) A: households are sellers, and firms are buyers. B: households are buyers, and firms are sellers. C: households and firms are both buyers. D: households and firms are both sellers.
A monopolistically competitive industry has A: significant barriers to entry B: differentiated products. C: mutually dependent firms. D: a small number of large firms.
A monopolistically competitive industry has A: significant barriers to entry B: differentiated products. C: mutually dependent firms. D: a small number of large firms.
In perfect competition, ________. A: there are restrictions on entry into the market B: firms in the market have advantages over firms that plan to enter the market C: only firms know their competitors' prices D: there are many firms that sell identical products
In perfect competition, ________. A: there are restrictions on entry into the market B: firms in the market have advantages over firms that plan to enter the market C: only firms know their competitors' prices D: there are many firms that sell identical products