What does a horizontal demand curve indicate about the price elasticity of demand?
What will be an ideal response?
If the demand curve for a good is horizontal, the demand for the good is perfectly elastic. Hence the price elasticity of demand is infinite.
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Establishing a state employment agency that speeds up the process of matching unemployed workers with unfilled jobs is an attempt to lower
A) unnatural unemployment. B) seasonal unemployment. C) cyclical unemployment. D) frictional unemployment. E) structural unemployment.
One of the first issuances of stock was offered by the:
A. East India Company. B. South Seas Company. C. Apple Company. D. North Seas Company.
If workers in the auto industry were unionized as auto workers, regardless of their specific jobs in the plant, this union would be called a(n)
a. agency union b. industrial union c. skilled union d. craft union e. federated union
Gross domestic product is the money value of all final goods and services produced in an economy in a year
a. True b. False Indicate whether the statement is true or false