If the demand curve is horizontal, then demand is:
A. elastic.
B. unit elastic.
C. perfectly inelastic.
D. perfectly elastic.
Answer: D
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The majority of evidence points to the fact that, in the last decade in the United States, labor productivity has
A) stayed the same. B) increased. C) decreased in the manufacturing sector but increased in the service sector. D) decreased.
Which of the following is an intermediate good?
A. Tomatoes sold in the grocery store that you use to make salsa. B. Tomatoes grown in your garden that you use to make salsa. C. Tomatoes sold to a factory and used in the production of spaghetti sauce. D. Tomatoes you buy at a local farmer's stand that you use to make salsa.
Describe the interest-rate cost-of-funds curve as it relates to R&D expenditures and as presented in this chapter
What will be an ideal response?
People in other countries want to hold U.S. dollars as a
A. standard of deferred payment. B. unit of account. C. medium of exchange. D. store of value.