If the demand curve for comic books is expressed as Q = 10,000/p, then demand has a unitary elasticity
A) only when p = 10,000.
B) only when p = 100.
C) always.
D) never.
C
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Foreign portfolio investment in the United States has continually declined since 1995
Indicate whether the statement is true or false
Which was not one of the main U.S. land acquisitions?
a. The Oregon Country b. The Texas Annexation c. The Florida Acquisition d. The Gadsden Purchase e. All of the above are U.S. land acquisitions.
Supply-side economists would say that tax rates are generally
A. at the level 0F.
B. at some level below 0F.
C. at some level above 0F.
D. such that an increase in tax rates will increase tax revenue.
Unrestricted entry and exit into the market is found in
A) perfect competition and monopolistic competition. B) perfect competition and oligopoly. C) monopolistic competition and oligopoly. D) perfect competition, monopolistic competition and oligopoly.