An occurs when there is only one provider of a

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17)A(n)occurs when there is only one provider of a service or product and no substitutes for theservice or product exist.A) duopolyB) monopolyC) oligopoly D) perfect competition
18)A(n)occurs when there are a few sellers in a given market and each seller has a fairly large shareof that market.
ITEC161 Multiple Choices19)A(n)occurs when there are many buyers and sellers and little differentiation between products,but perceived differences between products among consumers.
E.Ertunga
20)A(n)occurs when there are many buyers and sellers of products that are virtually identical andany seller can easily enter and exit the market.
21)Theis the most widely used indicator of economic growth in the world today.A) gross national productB) consumer price indexC) producer price indexD) grossdomestic product
22)The gross national product (GNP) measures.
23)unemployment measures unemployment caused by lack of demand for those who want to work;it generally follows the economy.
23)unemployment measures those out of work during the off-season, such as those employed insnow- or beach-related industries, agriculture, and/or holiday activities.
24)The government determines the appropriate level of taxes and spending through its.A)monetary policyB) domestic policyC) foreign policyD) fiscal policy
25)The government manages the supply of money through its.
ITEC161 Multiple ChoicesCHAPTER 31)If you are developing your own personal ethical system, which of the following would NOT be appropriateto include in your evaluation?
2)Unethical behavior is defined as behavior that does not conform to a set of approved standards of ________behavior.

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Term
Winter
Professor
NoProfessor
Tags
Foreign exchange market, Planned economy

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