The percentage change in quantity demanded that results from a 1 percent change in price is known as the:
A. cross-price elasticity of demand.
B. income elasticity of demand.
C. price elasticity of supply.
D. price elasticity of demand.
Answer: D
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Which of the following is NOT one of the factors your text identifies that could affect the size of the multiplier?
A) What sector of the economy receives the initial increase in spending B) How the spending is financed C) Whether the economy is in recession or at full employment D) Whether the economy is in autarky equilibrium
A key point made by the Gordon-Growth model is that the
A) value of a stock depends on investor's expectations about the future profitability of a firm. B) past trends in a stock's behavior indicate future price trends. C) dividends have little to do with a stock's value. D) risk has little effect on a stock's value.
The two general approaches to reducing global poverty include the redistribution of incomes and economic growth.
Answer the following statement true (T) or false (F)
Which of the following countries is not an OPEC member?
A. Saudi Arabia B. Iran C. Venezuela D. Norway