Classical economics refers to an era in the history of economic thought that stretched from the late 1600s to the mid-1800s
Indicate whether the statement is true or false
False
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What happens to each of the following if investment becomes less desirable at each interest rate? A. the interest rate B. net capital outflow C. the exchange rate
You paid $35 for a ticket (which is non-refundable) to see SPAM, a local rock band, in concert on Saturday. Assume that $35 is the most you would have been willing to pay for a ticket. Your boss called, and she is looking for someone to cover a shift on Saturday at the same time as the concert. You would have to work 4 hours and she would pay you $11/hr. The psychic cost to you of working is $2/hr. Should you go to the concert instead of working Saturday?
A. Yes, the benefit of going to the concert is more than the cost. B. No, because there are no benefits of going to the concert. C. No, the benefit of going to the concert is less than the cost. D. Yes, the benefit of going to the concert is equal to the cost.
Why does a toothbrush have an inelastic demand and an automobile have an elastic demand?
What will be an ideal response?
The Great Depression ended in the United States when
A. the New Deal reforms were initiated by President Roosevelt. B. deficit spending ended in 1937. C. the United States returned to the gold standard in 1940. D. the United States began to mobilize for war in the early 1940s. E. the German economy suffered hyperinflation in the 1920s.