The small but non-trivial costs that a firms incurs when changes product prices are also called
A) menu costs.
B) price inertia.
C) sticky costs.
D) sunk costs.
A
Economics
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Which of the following statements is true concerning the consumption function?
a. It slopes upward. b. Its slope equals the MPC. c. It represents the direct (positive) relationship between consumption spending and the level of real disposable income. d. If the consumption function lies above the 45-degree line then saving is positive. e. All of these.
Economics
The WTO was:
a. formed shortly after World War II. b. authorized in the American Constitution. c. formed in 1995. d. formed in 1876. e. formed to unify the European continent.
Economics