If the value of price elasticity of demand for a good is equal to "?", it implies that the good has a ________ demand
A) perfectly elastic
B) perfectly inelastic
C) unit elastic
D) relatively inelastic
A
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Which firm provides the better signal when trying to decide which of the firms' stock to buy?
A) Firm A, which uses an independent accounting firm for auditing. B) Firm B, which uses an internal group for auditing. C) Firm C, which has seen its stock go up by $20 per share in the last week. D) Firm D, which hasn't been under SEC investigation for over 5 years.
A new tool that the Fed started using in late 2008 was that it began to pay interest on the reserves banks hold in their federal reserve accounts
a. True b. False
The production of smoke as a pollutant is a failure of the market system.
Answer the following statement true (T) or false (F)
Suppose that the United Kingdom pegs the pound to the euro. If all other things remain unchanged, what would you expect to happen to European GDP if all countries who use the euro decided to adopt contractionary fiscal policies?
A) It would rise. B) It would fall. C) It would not change. D) That cannot be determined using the information provided.