Which of the following is not true?
A) The share of total farm receipts earned by the largest farms has been increasing during the past two decades.
B) Productivity in the farm sector has increased dramatically over the past 50 years.
C) The own-price elasticity is always negative.
D) None of the above (that is, all statements are true).
Answer: D
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When the Federal Reserve increases the money supply, people spend more because they now have more money
Indicate whether the statement is true or false
Which of following is not an important category of bias in human decision making?
A. Limited processing power. B. Reluctance to change. C. Single-mindedness. D. Temptation.
Suppose the tax rate is 25% and the taxable bond yield is 8%. What is the equivalent tax-exempt bond yield?
A. 2% B. 6.9% C. 2.3% D. 6%
Refer to the information provided in Figure 5.4 below to answer the question(s) that follow.
Figure 5.4Refer to Figure 5.4. Along the given demand curve, which of the following is true?
A. Demand is less elastic along the segment EF than the segment AB. B. Demand is less elastic along the segment AB than the segment EF. C. Since the demand curve is linear, the price elasticity of demand between each of the points is the same. D. All of the above are true.