Within the range of prices around the midpoint on a straight-line demand curve, demand is
A) elastic.
B) inelastic.
C) unit-elastic.
D) zero.
Answer: C
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In the above table, the unemployment rate is
A) 6 percent. B) 24 percent. C) 18 percent. D) 29 percent.
Refer to Figure 14.1. Other things equal, a decrease in taxes is best represented as a movement from
A) point Y to point Z. B) point Z to point X. C) point Z to point Y. D) point Y to point X.
Some people believe that women earn less than men because female held jobs have been historically devalued and that women should be given equal pay for equal work. This belief is called
a. comparable worth b. affirmative action c. glass ceiling d. absenteeism
Refer to Table 21.5:Table 21.5QTFCTVCTCAVCMC0 15--1 23 2 43 15 The average variable cost of the second unit of output in Table 21.5 is
A. $6.00. B. $15.00. C. $8.00. D. $4.00.