Intermediate Microeconomics Quiz

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Who founded W. W. Norton & Company?

Cooper Union

William Warder Norton and Mary D. Herter Norton (correct)

The People's Institute

The Norton family

What were the two major pillars of Norton's publishing program?

Trade books and college texts (correct)

College texts and professional titles

Academic lectures and professional titles

Adult education and trade books

When did the Norton family transfer control of the company to its employees?

1923

1990

Mid-century

1950s (correct)

How many titles does W. W. Norton & Company publish each year?

Hundreds Signup and view all the answers

What is the unique distinction of W. W. Norton & Company among publishing houses?

It is employee-owned Signup and view all the answers

What is the economic model of price determination in a market called?

supply and demand Signup and view all the answers

What does the supply and demand model postulate in a competitive market?

the unit price for a particular good will vary until it settles at a point where the quantity demanded will equal the quantity supplied Signup and view all the answers

What is the theoretical basis of modern economics?

the concept of supply and demand Signup and view all the answers

What does the aggregate demand-aggregate supply model depict in macroeconomics?

how the quantity of total output and the aggregate price level may be determined in equilibrium Signup and view all the answers

What is a supply schedule?

a table that shows the relationship between the price of a good and the quantity supplied by producers Signup and view all the answers

Intermediate Microeconomics Quiz

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Questions and Answers

Who founded W. W. Norton & Company?

What were the two major pillars of Norton's publishing program?

When did the Norton family transfer control of the company to its employees?

How many titles does W. W. Norton & Company publish each year?

What is the unique distinction of W. W. Norton & Company among publishing houses?

What is the economic model of price determination in a market called?

What does the supply and demand model postulate in a competitive market?

What is the theoretical basis of modern economics?

What does the aggregate demand-aggregate supply model depict in macroeconomics?

What is a supply schedule?

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