If a good produced this quarter goes into inventory, then it is included in this period's GDP. If it is sold in the next quarter, it will have no effect on GDP
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is not a type of resistance
a. logical b. psychological c. sociological d. biological
When price is $5 per unit, quantity demanded is 12 units. When price is $6 per unit, quantity demanded is 8 units. The value of the absolute price elasticity of demand is approximately
A) 2.20. B) 4.00. C) 1.82. D) 0.36.
In international exchange markets, a rise in interest rates in the United States will cause the demand for dollars to ________ and the supply of dollars to ________
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
The negative slope of a production possibilities frontier is a graphic representation of opportunity cost.
Answer the following statement true (T) or false (F)