Dan sells newspapers. Dan says that a 4 percent increase in the price of a newspaper will decrease the quantity of newspapers demanded by 8 percent. According to Dan, the demand for newspapers is ________
A) inelastic
B) unit elastic
C) perfectly elastic
D) elastic
D
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For many years, U.S. investment has exceeded savings and government expenditure has exceeded taxes
These imbalances (deficits) have been financed through international ________ by the United States as shown by the surplus on the balance of payments ________ account. A) lending; current B) borrowing; capital and financial C) borrowing; official settlements D) lending; official settlements E) borrowing; current
A product's price approaches its marginal cost as market concentration increases
Indicate whether the statement is true or false
Which of the following phrases indicates that income is being spoken of?
a. Tuesday, at 12:30 p.m. b. July 14, 1948 c. from January 1 to March 30 d. yesterday afternoon
The net present value of $1,000 received in the future would
a. decline if the $1,000 were received sooner. b. increase if the delivery date for the $1,000 were set farther into the future. c. decrease if the interest rate fell. d. decrease if the interest rate rose.