More businesses in the United States are organized as partnerships than as proprietorships
Indicate whether the statement is true or false
F
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The International Monetary Fund was created
A) in 1945 by the Bretton Woods Agreement. B) to collect money from member countries that were running balance of payments deficits. C) in 1971 when President Richard Nixon signed the Bretton Woods Agreement. D) in the aftermath of World War II to help nations move off of the gold standard.
If income rises in the market for an inferior good, will the demand curve for the inferior good shift to the right or to the left?
The demand for good X is estimated to be Qxd = 10,000 ? 4PX + 5PY + 2M + AX where PX is the price of X, PY is the price of good Y, M is income, and AX is the amount of advertising on X. Suppose the present price of good X is $50, PY = $100, M = $25,000, and AX = 1,000 units. What is the quantity demanded of good X?
A. 61,300 ? 4PX B. 61,500 C. 61,500 ? 4PX D. 61,300
Use the data in the table below to answer the following question.PriceQuantity Demanded$201218171620142412301036840644448The price elasticity of demand (based on the midpoint formula) when price increases from $14 to $16 is
A. -1.37. B. -0.33. C. -1. D. -3.29.