If the quantity sold of two-liter Coke bottles increases by 10% when price falls by 2%, what is the total change in revenue?

a. Revenue increases by 12%
b. Revenue increases by 8%
c. Revenue falls by 8%
d. Revenue falls by 12%


b

Economics

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When a German company purchases a U.S. company for $20 million, in the balance of payments the value of that transaction is recorded in the

A) current account. B) investment account. C) official purchases account. D) capital and financial account. E) purchase account.

Economics

A sterilized central bank intervention does not affect the domestic money supply

Indicate whether the statement is true or false

Economics

An example of a government-based approach to improve the quality of information in financial markets is ________

A) financial news networks B) mandatory disclosures C) government-directed credit D) government safety nets

Economics

Excluding criminal activities, the underground economy in the United States is equivalent in value to approximately what percentage of the GDP?

a. 10 to 15 percent b. 20 to 25 percent c. 30 to 35 percent d. not determinable

Economics