Підсумковий контроль Course Materials & Test Answers | moodle.karazin.ua

In a free market, prices are mainly determined by

international law

0%

government officials

100%

supply and demand

0%

luck

0%

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Copyright protects

services only

0%

natural resources

0%

creative works like books or songs

0%

physical goods

0%

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A “glut” in the market means

legal issues

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oversupply

0%

not enough supply

0%

normal levels of products

0%

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Advertising can

reduce knowledge

0%

influence consumer demand

50%

raise government income

0%

stop all spending

50%

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A market intervention is when

factories close

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government influences market activity

0%

companies ignore trends

0%

consumers negotiate

0%

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Supply is

level of salaries

0%

rule in government

0%

available quantity of a product

0%

desire to consume

0%

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A downward-sloping demand curve shows

price goes up as demand rises

0%

no relation between price and demand

0%

lower prices attract more buyers

0%

more supply leads to higher prices

0%

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Market power means the ability to

avoid competition

0%

set rules in law

0%

reduce workers

0%

influence prices and output

0%

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A monopoly exists when

only one seller controls the market

0%

everyone has equal market power

0%

there are many sellers

100%

no one wants to buy

0%

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Capital stock includes

all used goods

0%

financial penalties

0%

buildings and machines

0%

tax payments

0%

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Підсумковий контроль

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