An elasticity of demand that would be considered very inelastic would be
A. 0.1.
B. 0.9.
C. 1.0.
D. 1.1.
A. 0.1.
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The Age of the great industrial capitalist was
A. the first quarter of the 19th century. B. the second quarter of the 19th century. C. the third quarter of the 19th century. D. the fourth quarter of the 19th century.
Consider a hypothetical economy, whose GDP was $10,000 . consumption equaled $9,800, investment equaled $125, goods exported equaled $255, and goods imported equaled $500, in 2010 . Calculate the government spending in this economy during the year
a. $120 b. $380 c. $245 d. $200 e. $320
Average total cost is $100 for a given output, total fixed cost is 120 and average variable cost is 70. What is the quantity being produced?
What will be an ideal response?
The equation of exchange states that:
A. money supply multiplied by real output equals velocity. B. velocity multiplied by money supply equals the selling price times the quantity of actual output. C. money supply divided by velocity equals nominal GDP. D. money supply divided by velocity equals real GDP.