Moving downward on a downward sloping linear demand curve, the absolute value of the price elasticity of demand
A) is constant.
B) increases continuously.
C) decreases continuously.
D) may either increase or decrease.
C
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Which of the following statements is true?
A) Economic growth is the direct cause of declining poverty. B) Growth in unemployment is the direct cause of declining poverty. C) There are some countries where growth and poverty have both increased. D) Economic growth is the direct cause of declining inequality.
In Obamacare (the Affordable Care Act) gives low-income families
A) vouchers for healthcare. B) subsidies to buy private healthcare insurance. C) full access to Medicaid. D) full access to Medicare..
For a country in autarky, the opportunity cost of the good on the horizontal axis is the same as
A) the relative price of the good on the vertical axis. B) the relative price of the good on the horizontal axis. C) the opportunity cost of the good on the vertical axis. D) Both A and C. E) None of the above.
Over which of the following does the Fed have some control?
a. a commercial bank based in Paris, France b. a pension fund based in Albany, New York c. a commercial bank based in Wichita, Kansas d. a pension fund based in Tokyo, Japan