If the absolute price elasticity of demand of a good is 1.46, then the total revenues will increase if its market price
A) increases.
B) decreases.
C) stays the same.
D) changes, but we can't tell without more information if the price increases or decreases.
B
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Under the monetary growth rule proposed by the monetarists, the money supply would grow each year at a constant rate equal to the long-run rate of growth of
A) employment. B) inflation. C) interest rates. D) real GDP.
In the United States, imports have exceeded exports in every year since 1960
a. True b. False
If a corporation earns $1 million in revenues on $750,000 in expenses, including $415,000 from payrolls, and the corporate tax rate is 10 percent with a $100,000 exemption, then the corporate taxes would be
A. $90,000. B. $31,000. C. $25,000. D. $15,000.
A change in the quantity demanded of a product is the result of a change in:
A. the price of the product. B. the price of related goods. C. consumer income. D. the cost of producing the product.