10 Questions
What is the publication year of the textbook?
2012
Which countries are mentioned as locations where the textbook is copyrighted?
Australia, Brazil, Japan, Korea, Mexico, Singapore, Spain, United Kingdom, United States
What action is prohibited regarding the textbook?
Copying, scanning, or duplicating in whole or in part
What does Cengage Learning reserve the right to do with the content?
Remove additional content at any time if subsequent rights restrictions require it
What type of version is mentioned in relation to the textbook?
'This is an electronic version of the print textbook'
What is the natural price also known as?
Intrinsic price
What determines the natural price of a commodity?
Average rates of wages, rent, and profit
What does the market price fluctuate around due to short-term imbalances?
Natural price
What does Adam Smith distinguish between in relation to a product's price?
Real price and nominal price
What happens if the market price is above the natural price?
More goods enter the market, leading to a decrease in price
Test your knowledge of the copyright statement for Cengage Learning's content from 2012 and gain insights into the evolution of economic thought.
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