A hot dog vendor on a street corner could increase the quantity of hot dogs her customers demand by 12 percent if she lowers the price of a hot dog 10 percent. The demand for the hot dogs is
A) cross elastic.
B) arc elastic.
C) unit elastic.
D) elastic.
D
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A bank's reserves
A) can be held as deposits with the Federal Reserve. B) are the sum of its excess and required reserves. C) can be held as cash in its vault. D) all of the above.
A weaker peso, relative to the US dollar, causes the demand for US imports from Mexico to _____ and the demand for US exports to Mexico to_______
a. Increase; Decrease b. Decrease; Increase c. Increase; Increase d. Decrease; Decrease
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4Refer to Figure 2.4. The economy moves from Point E to Point B. This could be explained by
A. a change in society's preferences for hybrid cars versus motorcycles. B. an increase in economic growth. C. an increase in unemployment. D. a reduction in unemployment.
Refer to the information provided in Figure 17.1 below to answer the question(s) that follow. 
Figure 17.1 Refer to Figure 17.1. We would say that Dmitri is risk averse based on his
A. income potential. B. present income. C. utility from income. D. past income.