There is no correlation between happiness and per capita income
a. True
b. False
B
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In the United States each year,
A. more than 50 percent of all businesses fail. B. less than 25 percent of all businesses fail. C. over 10 percent of all businesses fail. D. only about 5 percent of all businesses fail.
How a sales tax is divided between buyers and sellers is determined by
A) the government's choice of whom to tax. B) who the law says must pay the tax. C) the elasticities of supply and demand. D) the revenue needs of government.
The PE ratio is determined by dividing the earnings per share by the current market price of the stock
a. True b. False Indicate whether the statement is true or false
When demand is elastic: a. price elasticity of demand is greater than one
b. consumers are relatively responsive to changes in price. c. the percentage change in quantity demanded resulting from a price change is greater than the percentage change in price. d. all of the above are correct.