Demand is more elastic for an item for which few substitutes are available.
Answer the following statement true (T) or false (F)
False
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Next period's capital is equal to current-period investment
A) plus the amount of current capital left over after depreciation. B) minus the amount of current capital left over after depreciation. C) plus the amount of current period depreciation. D) minus the amount of current period depreciation.
Derivatives:
a. can be used to reduce risk b. can be a source of risk c. made the financial crisis of 2007-2009 not as bad as it would otherwise have been d. a and b only e. all of these
Refer to the accompanying figure. The opportunity cost of making an additional salad:
A. decreases as the number of pizzas decreases. B. remains constant regardless of how many salads are made. C. decreases as the number of salads increases. D. increases as the number of salads increases.
Economic growth shifts a society's production possibility frontier away from the origin.
Indicate whether the statement is true or false.