According to the law of demand, a demand curve

A. Has a positive slope.
B. Has a negative slope.
C. Exceeds the economy's ability to produce.
D. Is a horizontal or flat line.


Answer: B

Economics

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If Brazil's gross revenue from coffee exports doubles from one year to the next even though the number of bags of coffee exported declines 50 percent,

A) individual Brazilian coffee producers are price searchers. B) individual Brazilian coffee producers have substantial market power. C) the demand for Brazilian coffee is most likely elastic. D) the demand for Brazilian coffee is most likely inelastic.

Economics

Who are the major participants in the foreign exchange market?

What will be an ideal response?

Economics

An organization that seeks to draw the strength that comes from bringing together people of different perspectives, experiences, cultures, and backgrounds embraces:

A) voluntarism. B) hygiene factors. C) operant conditioning. D) diversity.

Economics

The Position Analysis Questionnaire analyzes jobs in terms of _____.

A. job data B. duties and responsibilities C. job elements and tasks D. employee data

Economics