When inventories accumulate, unemployment rises.
Answer the following statement true (T) or false (F)
True
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If demand is inelastic, a drop in price will raise total expenditure.
Answer the following statement true (T) or false (F)
A technique that can be employed to make a portfolio less risky than any of its individual securities is
A. plowback. B. diversification. C. programmed trading. D. speculation.
In assessing the difference between monopoly performance and that of perfect competition, the best approach is to
A. measure the output of the monopolist and the output of the perfectly competitive firm. B. measure the output of the monopolist and the output of the perfectly competitive industry. C. measure the output purchased by consumers from the monopolist and from the perfectly competitive firm. D. calculate the marginal cost of the monopolist and of the perfectly competitive firm.
A demand schedule
A. holds quantity constant. B. is only for a given time period. C. holds all prices constant. D. is for a given variety of goods.