The percentage change in quantity demanded of good A divided by the percentage change in price of good B is the formula for
a. cross-price elasticity of demand.
b. income elasticity of demand.
c. zero elasticity of demand.
d. infinite elasticity of demand.
a. cross-price elasticity of demand.
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Your authors say economists tend to
A) think outside the box. B) think outside the bun. C) think outside the mind. D) think outside the theory. E) think outside the facts.
If the dollar price of the English pound goes from $1.50 to $1.75, the dollar has
a. appreciated, and Americans will find English goods cheaper. b. appreciated, and Americans will find English goods more expensive. c. depreciated, and Americans will find English goods cheaper. d. depreciated, and Americans will find English goods more expensive.
The purpose of establishing the Federal Reserve System was
A. to regulate commercial banking. B. to provide for a more elastic currency. C. to increase the confidence in the nation's banks. D. All of the choices are correct.
The current yield is defined as the annual interest on a bond divided by..........
a. coupon b. face value c. market price d. call price e. dirty price