Induced expenditure includes
A) consumption expenditure, government expenditure on goods and services, and imports.
B) investment, consumption expenditures, and exports.
C) consumption expenditure and exports.
D) consumption expenditure and government expenditure on goods and services.
E) consumption expenditure and imports.
E
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In 2011, the Bureau of Labor Statistics (BLS) announced that of all adult Americans, 138.84 million were employed, 13.69 million were unemployed, and 86.98 million were not in the labor force. The adult population is how many million? Enter a number rounded to two decimal places.
In U.S. v. U.S. Steel Corporation, the Supreme Court ruled that
a. U.S. Steel had violated the Sherman Act, particularly by organizing meetings with competitors such as the "Gary Dinners.". b. despite the fact that U.S. Steel controlled 50 percent of output in the steel industry, the company had not achieved monopoly power. c. large corporations, by definition, violate the Sherman Act. d. the Sherman Act did not apply to U.S. Steel because steel manufacturing was an activity "clothed with a public interest.".
A product would be more demand price inelastic:
a. the shorter the time the consumer has to adjust to price changes. b. the higher the price of the good. c. the more the number of good substitutes. d. the less the essential nature of the good. e. if the supply is more price elastic.
The elasticity all along a downward-sloping straight-line demand curve,
A. will be equal to -1 at all points. B. will be different at each point on the curve. C. will be equal to zero at all points. D. will be constant.