Which of the following is not included in Nation A's financial account?
a. Foreign deposits of funds in savings accounts in Nation A.
b. Purchases and sales of marketing assets.
c. Foreign purchases of Nation A's Treasury bills.
d. All the above.
.B
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The mechanism that normally coordinates what goes on in an economy is the
A) government. B) Federal Reserve. C) price system. D) stock market.
Under a per se approach to the antitrust laws,
a. the government must prove some anticompetitive outcome from the act. b. large size alone can be an antitrust violation. c. the action will pass antitrust scrutiny if it is shown to be reasonable. d. the only real question is whether the prices charged are reasonable. e. the courts have ruled antitrust laws unconstitutional
Suppose a 5 percent increase in price causes a 25 percent decrease in quantity demanded. Which of the following statements is most likely true? a. There are many substitutes for this good
b. There are few substitutes for this good. c. The market for the good is a necessity. d. The price change persists over a very short period of time.
The price elasticity of demand is the __________________ change in the quantity demanded of a good or service divided by the percentage change in the price.
a. quantity b. percentage c. relative d. absolute