The natural rate of unemployment varies based on inflation rates.
Answer the following statement true (T) or false (F)
False
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Online companies gather personal information about the customers who shop on their Web sites and some of those companies will use the data to estimate price elasticities of the customers
Doing this is a way that these companies might be able to charge a higher price for a product to those customers who have a ________ price elasticity of demand. A) low B) high C) negative D) unitary
In 2017, about what percentage of total income was earned by the poorest fifth of all U.S. households?
A. 12 percent B. 6 percent C. 3 percent D. 1 percent
An import quota on a product normally does all of the following except
A. reduces the volume of that product traded. B. raises the price in the importing country. C. increases the price everywhere. D. reduces the price in the exporting country.
What is one way that the trade deficit of the United States is financed?
A. By U.S. buying real assets abroad B. By selling real assets of the U.S. to foreign buyers C. By borrowing from U.S. citizens D. By lending from U.S. banks