If a firm's product is perishable, where is the firm usually located?
(A) Near a river
(B) In a city
(C) Near its suppliers
(D) Near its consumers
Ans: (C) Near its suppliers
Economics
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If there is a surplus of a good, the quantity demanded is ________ the quantity supplied, and the price will ________
A) less than; rise B) less than; fall C) greater than; rise D) greater than; fall E) equal to; fall
Economics
Today's Federal Reserve bank notes promise to pay the bearer
A) nothing. B) a fixed quantity of gold. C) a variable quantity of gold. D) a specific interest rate. E) a variable interest rate.
Economics