--%>

Problem on Consumer Sovereignty

The phrase ‘dollar votes’ refers to the consumers: (1) Voting patterns in the national elections. (2) Recognizing what goods are produced. (3) Each containing an equivalent says about what is generated. (4) Being subservient to big firms.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Asymmetric Information-Efficiency of

    Asymmetric information is less difficult for the efficiency of laissez faire transactions whenever transactions: (i) Are voluntary and are predict to be repeated many times. (ii) Costs are relatively very high. (iii) Are regulated by the complex govt.

  • Q : Average production cost by maximum

    When Nostalgia Corporation maximizes profit in its production of Silver Screen DVDs, in that case its average production cost per DVD will be roughly: (i) $3 per copy. (ii) $5 per copy. (iii) $7 per copy. (iv) $9 per copy. (v) $11 per copy.

  • Q : Neoclassical Production and Costs

    Normal 0 false false

  • Q : Coefficient of cross-elasticity of

    When a price hike from $15 to $20 for DVD disks causes sales of DVD players to reduce from 100 to 50 units, in that case the coefficient of cross-elasticity of demand among these goods is approximately: (w) 1/10. (x)  10. (y)  7/3. (z) 

  • Q : Experiencing Absolute Poverty When the

    When the minimum amounts of food, clothing and shelter essential for survival absorb all of a family’s income, in that case the family is experiencing: (w) relative poverty. (x) economic shock. (y) financial destitution. (z) absolute poverty.

  • Q : Instance of Adverse Selection Nutcake

    Nutcake Products hires new staffs devoid of revealing that the rising demand for nutcakes and partial staffing make it not possible for staffs to take their guaranteed 2-week vacations. Nut cake’s shortage of candor is most unambiguously an instance of: (1) Symm

  • Q : Quintile distribution of income Give

    Give the answer of following question. In the quintile distribution of income, the term "quintile" represents: A) 5 percent of the income receivers. B) 10 percent of the income receivers. C) 20 percent of the income receivers. D) 25 percent of the income receivers.

  • Q : Human Capital and Wage Differentials

    Relative to the equally strong, smart and hard working people with minimum education, the high school graduates who invest much heavily in more advanced formal education are probable to experience the lower average: (i) Wages whenever first enter the work force. (ii)

  • Q : Prohibition in Pure Economic Profits

    Pure economic profits are NOT: (w) normal costs of production. (x) reduced to “normal” levels in long-run pure competition. (y) zero in long run monopolistic competition. (z) possible under pure competition in the short-run.

  • Q : Price elasticity of demand coefficient

    A price elasticity of demand coefficient of infinity implies that: (w) the demand curve is horizontal. (x) each 1 percent price hike elicits a 1 percent increase in revenue. (y) total revenue increases proportionally as a firm increases its price. (z)