An automobile manufacturing plant is likely to have a ________ price elasticity of supply than a bread bakery due to ________.
A. less elastic; a less flexible production process
B. more elastic; lower availability of inputs
C. more elastic; a more flexible production process
D. more elastic; greater availability of inputs
Answer: A
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Virtual Currency Unit 3 (VCU3) is poses a __________ risk to nations in which is it used because ___________________________
a. Low; it conversion back into real world currencies causes no change in M2, the monetary base, or net demand for real goods and services. b. Low; it cannot be converted back into real world (legal tender) currencies. c. High; it can be converted and spent on real-world goods and services. d. High; online companies can create as much as they want, which could overinflate a nation's money supply and excessively increase demand.
In the open-economy macroeconomic model, the market for loanable funds equates national saving with
a. domestic investment. b. net capital outflow. c. national consumption minus domestic investment. d. None of the above is correct.
Which of the following is false?
A) For bond buyers, the higher the yield the better it is for them. B) For bond buyers, the higher the price of the bond the better it is for them. C) For bond buyers, the lower the yield the worse it is for them. D) The term yield on a bond is the same as the term interest rate on a bond.
Which of the following statements is true?
A) In a price support program, consumers end up paying the price support. B) In a target price system, consumers end up paying the target price. C) In a target price system, the per-unit deficiency payment is equal to the difference between the quantity demanded at the market price and the quantity supplied at the market price. D) Acreage allotment programs directly (as opposed to indirectly) raise agricultural product prices. E) b and d