Jerry spends his entire income on two goods, Bran and Tea. Every month he spends half of his income on each of these goods. Jerry's income elasticity of demand for Bran is .75. What is the income elasticity of demand for Tea?
A) 1.25
B) .75
C) 1
D) Unknown with the information provided
A
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A) a car produced by an auto manufacturer.
B) a worker hired by an auto manufacturer.
C) a loan granted to an auto manufacturer.
D) the automobiles exported by an auto manufacturer.
The removal of legal barriers alone may not be sufficient to eliminate the pay gap between whites and blacks because the increased competition may not be able to overcome
A. customer preferences that lead employers to discriminate. B. the wide gap in pay. C. employer preferences to discriminate. D. employer preferences to discriminate and customer preferences that lead employers to discriminate.
Any transaction that leads to a payment by a country's residents or government is a(n)
A) debt. B) asset. C) deficit item. D) surplus item.
The entire U.S. federal budget process, beginning with the delivery of the President's budget to Congress and ending with the beginning of the fiscal year, takes about _____
a. one month b. six months c. nine months d. one year e. three months