Hughes and Cain (2011) effectively argue that advancements in power technology helped open new opportunities for the strategic placement of cities and big factories
Indicate whether the statement is true or false
True
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Price elasticity of demand refers to
A. How responsive producers are to a change in the cost of production. B. How buyers react to a change in the price of a substitute good. C. How buyers respond to a change in income. D. How sensitive buyers are to a change in price.
What price would an individual be willing to pay today for a stock he/she expects can be sold for $200 one year from now, if the individual has a discount rate of 6% (.06) and the stock pays an annual dividend of $7.50?
What will be an ideal response?
If supply decreases while demand is unchanged, the equilibrium price ____ and the equilibrium quantity ____. Question 24 options:
A. does not change; does not change B. rises; decreases C. rises; increases D. falls; increases E. falls; decreases
You borrow money to buy a house in 2009 at a fixed interest rate of 5.5 percent. By 2012, the inflation rate has steadily fallen to 1.5 percent from the recent high of 3.0 percent in 2009. Considering only your mortgage, is inflation good news or bad news for you?
A. bad news, because inflation hurts everyone B. bad news, because it makes the real value of your mortgage payments increase C. good news, because it makes the real value of your mortgage payments decrease D. bad news, because it makes the nominal value of your mortgage payments increase