If the price elasticity of supply is 1.3, supply is:
A. unaffected by price changes.
B. inelastic.
C. unit elastic.
D. elastic.
Answer: D
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When the price level decreases, ________.
A. holders of financial assets with fixed money values decrease their spending B. the demand for money falls and the interest rate falls C. there is a decrease in consumer spending that is sensitive to changes in interest rates D. holders of financial assets with fixed money values have less purchasing power
In the above table, the technique that is not technologically efficient is
A) A. B) B. C) C. D) D.
Which of the following are risks for multinational corporations but not risks for domestic corporations?
A) changes in government rules and regulations B) capital controls C) changes in tax laws D) government red tape and corruption
Suppose the figure shown represents the production possibilities frontier for Country A. Which of the following combinations of goods could Country A consume in the absence of trade?
A. (15 airplanes, 15 trucks)
B. (10 airplanes, 25 trucks)
C. (10 airplanes, 30 trucks)
D. (5 airplanes, 30 trucks)