Innovation refers to the introduction of new products and processes into the market.

Answer the following statement true (T) or false (F)


True

Economics

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If an increase in price results in no change in total revenue, then demand must be

A) inelastic. B) elastic. C) unit elastic. D) infinitely elastic.

Economics

What reasons do governments often give to justify the decision to not allow price to ration goods?

What will be an ideal response?

Economics

German banks are able to control a significant number of German firms by

A) making large syndicated loans. B) ownership of shares alone. C) ownership of shares and having proxy voting power over the shares in their custody. D) sheer size in the lending market.

Economics

Explain the difference between the Fed following discretionary policy and the Fed following a rules strategy

What will be an ideal response?

Economics