Suppose an increase in price decreases quantity demanded from 210 to 190. Using the mid-point formula, the percentage change in quantity demanded is:
A. 2 = 200 percent.
B. 0.2 = 20 percent.
C. 0.2 = 20 percent.
D. 0.1 = 10 percent
D. 0.1 = 10 percent
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When there is unplanned inventory investment, aggregate planned expenditure is __________ real GDP and actual investment is __________ planned investment
a) greater than; greater than b) greater than; less than c) less than; greater than d) less than; less than
Doctors in private health care clinics provide better care than those in public clinics because:
A. they are better trained. B. their fixed salary is generally higher than the fixed salaries of public clinic doctors. C. they have more incentive to practice good medicine. D. their facilities are generally much more updated than public facilities.
Analyze the demand function for a dinner at FancyFoods, a restaurant, given the four changes listed below:(a) The restaurant down the street, Gourmet Meals, features a two-for-one meal special.(b) The opera provides a coupon offering a 15 percent discount at FancyFoods with each ticket for the 6:00 p.m.show.(c) Always Round Tire runs a special on tires; a 30 percent reduction in price if you buy four tires.(d) The main employer in town provides a large increase in salaries for white-collar workers.
What will be an ideal response?
Which of the following is not a positive effect of the base Accord?
A. It provided a framework that less developed countries could use to improve the regulation of their banks. B. It provided a system to differentiate between bonds based on their systemic risk. C. It forced regulators to change the way they thought about bank capital. D. It promoted a more uniform international system.