Economists in the Field of Industrial Organization Study How

question 624

Multiple Choice

Economists in the field of industrial organization study how

• A)central banking policies affect financial markets.
• B)firms' demand for labor and individuals' supply of labor affect resource markets.
• C)firms' decisions about prices and quantities depend on market conditions.
• D)externalities and public goods affect the environment.

---

Definitions:

Personality Traits

Enduring characteristics that describe an individual's behavior.

Workplace

A location or setting where individuals are employed and perform tasks related to their jobs.

Acquiescence Response

A tendency in survey responses where participants agree with statements as presented to them regardless of the content.

Social Desirability

The extent to which test takers tend to respond to items in a manner that presents them in a positive light.