If your income goes up by 10% and you increase your pedicures by 5%, then your demand for pedicures is ________.
A. income elastic
B. income inelastic
C. income unit elastic
B. income inelastic
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Which of the following conclusions is not supported by the Three-Sector-Model?
a. An increase in a nation's supply of goods and services raises the amount sold per time period and lowers the nation's GDP Price Index. b. An increase in the demand for a nation's currency in the foreign exchange market raises its international value. c. An increase in a nation's real risk-free interest rate increases the willingness and ability of lenders/savers to supply credit to the real loanable funds market, and it decreases the willingness and ability of individuals and companies to borrow/invest. d. An increase in a nation's demand for goods and services within the Classical range usually leads to a strong decrease in the unemployment rate.
Computing capacity has approximately:
A. tripled every three years since the invention of computers. B. doubled every five years since the invention of computers. C. tripled every two years since the invention of computers. D. doubled every two years since the invention of computers.
The World Bank is
A. the official name of the International Monetary Fund. B. composed of five separate institutions. C. the central bank of the United Nations. D. composed of large private banks among developed nations.
___ are positive thoughts about the spokesperson or organization making the claims
Fill in the blank(s) with the appropriate word(s).