Along the inelastic portion of a demand curve, the
a. change in price will always be less than the change in quantity demanded.
b. percentage change in price will be less than the percentage change in quantity demanded.
c. change in price will always be more than the change in quantity demanded.
d. percentage change in price will be more than the percentage change in quantity demanded.
d
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Which philosophy, advocated by Alexander Hamilton's "Report on Manufactures" as a means to create strong U.S. development, also successfully worked for Germany and Japan?
a. protectionism b. socialism c. isolationism d. capitalism
?Hair Pins /hourBandanas /hourNigel410Mia93
Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 18.3. Which of the following is TRUE?
A. Nigel has a comparative advantage in producing hair pins but not bandanas. B. Nigel has a comparative advantage in producing bandanas but not hair pins. C. Nigel has a comparative advantage in producing both goods. D. Nigel does not have a comparative advantage in producing either good.
A net borrower is a country that ________, while a net lender is a country that ________
A) borrows more than it lends; owes more to foreigners than foreigners owe to it B) decreases its stock of outstanding foreign debt; lends more than it borrows C) borrows more than it lends; lends more than it borrows D) lends more than it borrows; borrows more than it lends
Tax influence of the elasticity of demand
What will be an ideal response?