Use the data in the table below to answer the following question.PriceQuantity Demanded$201218171620142412301036840644448The price elasticity of demand (based on the midpoint formula) when price increases from $14 to $16 is
A. -1.37.
B. -0.33.
C. -1.
D. -3.29.
Answer: A
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If you are informed orange juice concentrate prices will rise in the next few months, you should ________ orange juice concentrate futures
But if that information becomes common knowledge, others will do the same thing, and the price of orange juice concentrate futures will ________. A) buy; rise B) sell; rise C) buy; fall D) sell; fall
Refer to Figure 9-1. Based on the graph of the labor market above, if a minimum wage is set at $5 per hour, which of the following will occur?
A) The level of unemployment will rise, but the percentage of the labor force unemployed will not change. B) The unemployment rate will fall. C) The unemployment rate will rise. D) None of the above will occur.
How do we allocate statistical discrepancy among the current, capital, and financial accounts?
A) We have no way of knowing exactly how to allocate this discrepancy. B) Depend on the degree of certainty by which we attribute to these accounts. C) Divide it evenly amongst the three accounts. D) Depend on the convention adopted by the specific financial institution. E) Statistical discrepancy signals human errors made when dealing with financial accounts.
Budget deficits cause interest rates to be high
a. True b. False