100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
World Scholars' Cup exam 2024 with complete solutions $14.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. World Scholars\' Cup B
  4.  
  5. World Scholars\' Cup b

Exam (elaborations)

World Scholars' Cup exam 2024 with complete solutions
 1 view  0 purchase
  • Course
  • World Scholars\' Cup b
  • Institution
  • World Scholars\' Cup B

black market correct answersa secret market in which goods are sold illegally supply correct answersa stock of resource from which a person or place can be provided with the necessary amount of that resource demand correct answersConsumer willingness and ability to buy products deadweight ...

[Show more]

Preview 1 out of 3  pages

Document information

  • August 6, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

  • World Scholars' Cup b
  • World Scholars' Cup b

Seller

avatar-seller
QUILLSKY

Reviews received

Content preview

World Scholars' Cup

black market correct answersa secret market in which goods are sold illegally



supply correct answersa stock of resource from which a person or place can be provided with the
necessary amount of that resource



demand correct answersConsumer willingness and ability to buy products



deadweight loss correct answersloss of economic efficiency that can occur when equilibrium is not
achieved or not achievable



Equilibrium correct answersA state of balance between supply and demand



regulation correct answersA rule or directive made and maintained by an authority.



perfect competition correct answersthe situation prevailing in a market in which buyers and sellers are
so numerous and well informed that all elements of monopoly are abswnt and the market price of a
commodity is beyond the control of individual buyers and sellers.



imperfect competition correct answersthe situation prevailing in a market in which elements of
monopoly allow individual producers or consumers to exercise some control over market prices



monopoly correct answersthe exclusive possession or control of the supply or trade in a commodity or
service.



commodity correct answersan article of trade or commerce, especially a product as distinguished from a
service.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller QUILLSKY. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $14.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

80364 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$14.99
  • (0)
  Add to cart