Complements are characterized by:
A. negative cross-price elasticity of demand.
B. positive cross-price elasticity of demand.
C. cross-price elasticity of demand equal to zero.
D. cross price elasticity of demand equal to -1.
A. negative cross-price elasticity of demand.
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For private consumption goods, the optimal number of users is determined by the unanimity rule
a. True b. False
Billy is considering the purchase of a rental house. The house costs $240,000 and it will generate annual revenues of $15,000 and annual expenses of $3,000. What is the internal rate of return of this investment?
A) 5% B) 7.5% C) 3.75% D) 24%
Alexander Hamilton argued for a "National Bank" that would
a. provide the increased money supply necessary to accommodate increased business activity. b. lend money to the U.S. Treasury. c. serve as fiscal agent for the U.S. government. d. serve as a tax collection agency for the U.S. government. e. All of the above.
All externalities are detrimental
a. True b. False Indicate whether the statement is true or false