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10 Questions

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Copyright 2012 Cengage Learning

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Questions and Answers

What is the publication year of the textbook?

2008

2015

2010

2012 (correct)

Which countries are mentioned as locations where the textbook is copyrighted?

Egypt, Nigeria, Saudi Arabia, Turkey, Greece

Canada, China, India, Russia, Germany

Australia, Brazil, Japan, Korea, Mexico, Singapore, Spain, United Kingdom, United States (correct)

France, Italy, South Africa, Sweden, Argentina

What action is prohibited regarding the textbook?

Using for classroom instruction

Copying, scanning, or duplicating in whole or in part (correct)

Selling to unauthorized distributors

Translating into other languages without permission

What does Cengage Learning reserve the right to do with the content?

Remove additional content at any time if subsequent rights restrictions require it Signup and view all the answers

What type of version is mentioned in relation to the textbook?

'This is an electronic version of the print textbook' Signup and view all the answers

What is the natural price also known as?

Intrinsic price Signup and view all the answers

What determines the natural price of a commodity?

Average rates of wages, rent, and profit Signup and view all the answers

What does the market price fluctuate around due to short-term imbalances?

Natural price Signup and view all the answers

What does Adam Smith distinguish between in relation to a product's price?

Real price and nominal price Signup and view all the answers

What happens if the market price is above the natural price?

More goods enter the market, leading to a decrease in price Signup and view all the answers