An MPI of 0.4 indicates that for every 100 percent increase in domestic income:
a. there is a 40 percent increase in investment.
b. there is a $40 increase in investment.
c. there is a 40 percent decline in imports.
d. there is a $40 increase in imports.
e. there is a 40 percent increase in imports.
e
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Which of the following lists includes only capital resources (and therefore no labor or land resources)?
A. an ice arena; a professional hockey player; hockey uniforms B. a hydroelectric dam; water behind the dam; power lines C. the owner of a new startup firm; a chemistry lab; a researcher D. automobiles owned by a car rental firm; computers at the car rental agency; the vans that shuttle rental customers to and from the airport
Because of product differentiation in a monopolistically competitive market, the demand curve for an individual firm will be
A) horizontal. B) vertical. C) downward sloping. D) upward sloping.
An example of a way employers can minimize moral hazard is to:
A. monitor employees' computer activity. B. offer bonuses for consistent productivity. C. videotape the workplace. D. All of these are ways to minimize moral hazard.
Which of the following is likely to have the most price inelastic demand?
a. strawberry-banana milk shakes b. gasoline in the short run c. diamond earrings d. box seats at a major league baseball game