If demand is __________ and price is __________, total revenue will _________.
A. inelastic; raised; increase
B. inelastic; lowered; decrease
C. elastic; raised; decrease
D. All of these options are true
D. All of these options are true
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Once a bargain has been reached and involved parties have agreed to an arrangement, there is no need for either party to monitor and enforce the agreement
Indicate whether the statement is true or false
C. stayed relatively low, due to the lack of lending by banks, reducing the effectiveness of the money multiplier.
A. import, because they are assembled in China. B. import, because they are assembled in Mexico. C. export, because they are assembled in China. D. export, because they are produced in the U.S.
When a park is funded by visitors, but not by taxpayers in general,
a. there will be too few parks because most people simply will not pay to use a park. b. visitors will be better served because poor service would lead to reductions in revenues. c. maintenance in the park will suffer because budgets will decline. d. we cannot predict what will happen because park funding by visitors has not been tried before.
Studies of professional sports teams suggest that, in sports, racial discrimination in previous decades was
a. rare. b. common and that owners of teams are largely to blame. c. common and that customers (fans) are largely to blame. d. None of the above is correct; there are no reliable studies of discrimination in sports due to the difficulties inherent in measuring athletes' productivity.