Examlex

Solved

Though the Force of NGOs Has Been Felt in a Range

question 9

True/False

Though the force of NGOs has been felt in a range of major public policy debates, NGO activism has been least responsible for major changes in corporate behavior and governance.


Definitions:

Surplus

A situation in which the quantity of a good or service exceeds the quantity demanded at the current price.

Shortage

A situation in which the demand for a product or service exceeds the available supply.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, resulting in market balance.

Equilibrium Quantity

The amount of products or services available and sought after at the equilibrium price, a point where the supply and demand in the market equalize.

Related Questions