In this type of competition, there are many sellers competing with virtually identical products so that no one company controls price.  It is easy to enter/exit this market Ex: Agriculture, corn

  The US imposes a 2% tax on all items of clothing imported from China. This tax is called what?

 As an accountant for CPG Inc, you realized that the company was falsifying financial statements in order to record more profits so she contacted the FBI to report them. You actions would make you a _____________.

 This type of “cost” is the cost of giving up the second-best choice when making a decision. For example, you give up the chance to work and make money in order to go to school and potentially make more money later. 

Which of the following best defines “value”

In the US, if we had a decrease in the Gross Domestic Product (GDP) for 2 or more consecutive quarters, what would we call this decrease?

When developing and marketing new products, this is the rate at which companies transform ideas into actual products. for sale. This must be fast!

This is the study of smaller economic units such as consumers, families, or small businesses. 

Identify the part of the eye shown? (Image has it painted in yellow)

Identify the part of the eye shown?