The calculated value of a normal good's price elasticity is less than zero
Indicate whether the statement is true or false
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Foreign portfolio investment is sometimes called hot money because:
A. it can be withdrawn from a country very quickly. B. it is very difficult to trace. C. it is often invested in the assets which yield the highest returns in the world. D. earnings often go untaxed by the home government.
Economic stagnation coupled with high inflation is commonly called:
A. stagflation. B. inflationary stagnation. C. stagnatory growth. D. inflagnation.
It is argued that, with a rising demand for college education, if the supply were to made to become more elastic then college tuition costs would:
A. Rise faster B. Decrease slowly C. Increase more slowly D. Decrease steeply
Refute the claim by mercantilists who claimed that without severe restrictions on international trade and payments, a country might find itself impoverished and without an adequate supply of circulating monetary gold as a result of balance of
payments deficits.