A price searcher is any firm that has no control over price and must accept the market price as given
a. True
b. False
B
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The distribution of income in the United States became more unequal in the 1990s. One explanation for this trend is that advances in information technologies have ________ low-skilled labor and ________ high-skilled labor
A) decreased the demand for; increased the demand for B) increased the demand for; decreased the demand for C) decreased the supply of; increased the supply of D) increased the supply of; decreased the supply of
When Zynga, the company behind the social games CityVille and Words With Friends, sold stock to the public for the first time in December 2011, funds were being raised in a ________ market, and when those newly issued shares are resold to other
buyers, the sales take place in a ________ market. A) primary; secondary B) secondary; secondary C) secondary; primary D) primary; primary