A perfectly price inelastic demand curve will be a ________ line.
A. vertical
B. horizontal
C. negatively sloped
D. positively sloped
Answer: A
You might also like to view...
In response to banks entering into the insurance business, insurance companies have started to supply ________ insurance
A) debt B) credit C) equity D) currency
A policy intended to reduce unemployment by taking advantage of a tradeoff between inflation and unemployment leads to
a. both higher inflation and higher unemployment in the long run. b. higher inflation and no change in unemployment in the long run. c. the same inflation rate and lower unemployment in the long run. d. higher inflation and lower unemployment in the long run
Private goods are those goods
A. that violate the principle of rival consumption. B. that can only be consumed by one individual at a time. C. for which no public market exists. D. to which the non-exclusion principle applies.
Which of the following lists includes only banks' assets?
A) reserves, savings deposits, securities, and loans B) reserves, checkable deposits, securities, and loans C) reserves, securities, liquid assets, and savings deposits D) liquid assets, loans, securities, and reserves E) securities, reserves, checkable deposits, and liquid assets