In the opinion of many consumers, there are few, if any, substitutes for the popular search engine Google. If Google were to charge consumers for its services, it would face:
a. a relatively inelastic demand curve.
b. a relatively elastic demand curve.
c. a negative income elasticity of demand.
d. a positive cross elasticity of demand.
e. a perfectly elastic demand curve.
a
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Many younger people eat peanut butter AND jelly, whereas many older people eat peanut butter OR jelly. This suggests that the cross elasticity of demand between peanut butter and jelly is
A) negative for youngsters and positive for oldsters. B) positive for youngsters and negative for oldsters. C) negative for youngsters and zero for oldsters. D) positive for youngsters and zero for oldsters.
Assume that foreign capital flows into a nation rise due to expected increases in stock market appreciation. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the net nonreserve international borrowing/investing balanceand monetary base in the context of the Three-Sector-Model? a. The net nonreserve international borrowing/investing
balance becomes more positive (less negative) and monetary base rises. b. The net nonreserve international borrowing/investing balance becomes more negative (less positive) and monetary base falls. c. The net nonreserve international borrowing/investing balance becomes more negative (less positive) and monetary base falls. d. The net nonreserve international borrowing/investing balance and monetary base remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
The primary duty of the customs agency of a government is the assessment and collection of all duties, taxes, and fees on imported merchandise.
a. true b. false
What is the equation for budget line RS, given the above graph?
A. Y = 10 + 18X B. Y = 18 - (18/10)X C. Y = 10 - 1.8X D. Y = 15 + (9/5)X E. Y = 1.8 + (9/5)X