A demand curve that is horizontal indicates that the commodity
A) has few substitutes. B) must be very cheap.
C) has a large number of substitutes. D) is a necessity.
C
Economics
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Uncertainty includes all of the following except ____
a. unknown effects of deliberate actions b. incomplete information as to the type of competitor c. random disturbances d. unverifiable claims e. accidents due to weather hazards
Economics
It seems self evident that countries would have an advantage in producing those goods that use relatively large amounts of their most abundant factor of production
a. True b. False Indicate whether the statement is true or false
Economics