If a 10 percent price increase causes the quantity demanded for a good to decrease by 5 percent, demand is elastic
a. True
b. False
Indicate whether the statement is true or false
False
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Workers who are underemployed are:
A) not counted in the labor force. B) considered as employed. C) considered as discouraged workers. D) considered as unemployed.
How does the new growth theory explain economic growth?
What will be an ideal response?
Suppose you deposit $2,000 into Bank of America and that the required reserve ratio is 10 percent. How does this affect the bank's balance sheet?
A) Required reserves rise by $2,000. B) Excess reserves rise by $1,800. C) Reserves rise by $200. D) Deposits rise by $1,000.
The market for corporate control
a. was guaranteed by the first amendment. b. makes sure that bad management keeps their jobs c. makes hostile takeovers impossible d. provides a means to replace under performing management. e. all of the above.