In order for a market to support superstars it must have which of the following characteristics ?

Related Mcqs:

Which of the following could result in women being paid less than men ?

A. women obtaining less human capital because they don’t plan to work continuously to the age of retirement B. Women entering and leaving the labour force to care for children C. customers preferring to deal with men D. women preferring to work in pleasant clean safe work places E. all of these answers...

Economists have hypothesized that the widening gap between the wages of unskilled workers and skilled workers may be due to ?

A. decrease in the demand for unskilled workers because of increases in technology and increases in international trade B. increase in the number of unskilled workers available due to immigration into the UK. C. decrease in the demand for unskilled workers are more poorly educated D. increase in the number of unskilled workers available because … Economists have hypothesized that the widening gap between the wages of unskilled workers and skilled workers may be due to ?Read More...

The marginal revenue product of capital is the ?

A. change in a company’s balance sheet when it acquires new plant B. additional value of output from using more capital C. change in company’s share price D. changing value of the capital stock...

In the short run, the supply of capital is ________ and in the long run will depend on _______?

A. variable, technology B. fixed, expectations C. fixed, rental rate of capital D. variable, interest rates...

Which of the following professionals is most likely to be able to generate the income of a superstar ?

A. the best professor B. the best writer C. All of these answers participate in markets that could generate a superstar D. The best accountant E. the best medical doctor...