According to Saint Thomas Aquinas value is determined by God, but prices by:

A. Consumers

B. Employees

C. People

D. Labor

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  1. The name of the system of direct exchange is:
  2. Which is not a central problem of an economy?
  3. A firm in a position of equilibrium is supposed to be maximizing:
  4. Stable cobweb model is a:
  5. In monopolistic competition, the cost curves of all firms are:
  6. Extension (expansion) of demand means:
  7. Indifference curves reflect:
  8. The demand curve of a firm in monopolistic competition is:
  9. A demand schedule is shown as:
  10. In the case of two factor inputs which are neither perfectly complementary nor perfect substitutes,…
  11. The entry of new firms in cournot model is:
  12. Equilibrium of a discriminating monopolist requires the fulfillment of which one of the following conditions?
  13. In non-collusive oligopoly firms enter into:
  14. If at the unchanged price, the demand for a commodity goes up, or the quantity demanded remains the…
  15. Income-demand curve shows:
  16. A monopolist has control over the price he charges for his product. He will be able to maximize his…
  17. In first degree price discrimination, monopolist takes away :
  18. Cross-elasticity of demand or cross-price elasticity between two perfect substitutes will be:
  19. If we measure the elasticity of demand with the help of the average and marginal revenue, the formula…
  20. The demand curve slopes downwards due to:
  21. Total fixed costs are:
  22. Total profits are maximized at the point where:
  23. The slope of marshallian demand curve is:
  24. In monopolistic competition, the firms follow:
  25. The non-price competition cartel is a:
  26. We can write ordinal utility function as:
  27. Nash equilibrium says:
  28. If there are many producers, each of whom has an individual production possibility curve, then the lowest…
  29. The vertical distance between TVC and TC is equal to:
  30. When the level of optimal factor combination is over and more labor is employed with the fixed plant,…