Who were in King High School from 1942 to 1946?A.Only tile doctor.B.Only Mr. Smith.C.Both
Who were in King High School from 1942 to 1946?
A.Only tile doctor.
B.Only Mr. Smith.
C.Both Mr. Smith and the doctor.
Who were in King High School from 1942 to 1946?
A.Only tile doctor.
B.Only Mr. Smith.
C.Both Mr. Smith and the doctor.
E.
B.If a firm charges more than the market price,it loses all its customers to other firms.
C.The firm can sell as many units of output as it wants to at the market pric
E.
D.All the choices are correct.
Refer to Figure 6-1. The firm should shut down if the market price is
A、above $8.
B、above $6.30 but less than $8.
C、above $4.50 but less than $6.30.
D、less than $4.50.
A、above the equilibrium price, causing a shortage.
B、above the equilibrium price, causing a surplus.
C、below the equilibrium price, causing a shortage.
D、below the equilibrium price, causing a surplus.
A、vertical.
B、horizontal.
C、downward-sloping.
D、upward-sloping.
An important factor in a market-oriented economy is the mechanism by which consumer demands can be expressed and responded to by producers. In the American economy, this mechanism is provided by a price system, a process in which prices rise and fall in response to relative demands of consumers and supplies offered by seller-producers. If the product is in short supply relative to the demand, the price will be a bit up and some consumers will be eliminated from the market. If, on the other hand, producing more of a commodity results in reducing its cost, this will tend to increase the supply offered by seller-producers, which in turn will lower the price and permit more consumers to buy the product. Thus, price is the regulating mechanism in the American economic system.
The important factor in a private-oriented economy is that individuals are allowed to own productive resources (private property), and they are permitted to hire labor, gain control over natural resources, and produce goods and services for sale at a profit. In the American economy, the concept of private property embraces not only the ownership of productive resources but also certain rights, including the right to determine the price of a product or to make a free contract with another private individual.
In Line 9, Para.1, "the desire of individuals to maximize their incomes" means ______.
A.Americans are never satisfied with their incomes
B.Americans tend to overstate their incomes
C.Americans want to have their incomes increased
D.Americans want to increase the purchasing power of their incomes
A、competitive market.
B、strategic market.
C、thin market
D、power market.
A、there will be few sellers in the market.
B、there will be few buyers in the market.
C、only a few buyers will have market power.
D、sellers will have little reason to charge less than the going market price.
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