Cooperation among different people can occur
A) even if most people know nothing about one another.
B) only if at least 10% of the people know one another personally.
C) only if the majority of people know one another personally.
D) only if everybody knows one another personally.
A
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Suppose that the short-run price elasticity of demand for electricity is 0.03, and the long-run price elasticity of demand is 1.2. One would classify the short-run elasticity as being ________ and the long-run elasticity as being ________.
A. inelastic; unit elastic. B. elastic; inelastic. C. elastic; elastic. D. inelastic; elastic.
The figure above shows the demand for fruit snacks. Which movement reflects how consumers would react to an increase in the price of a non-fruit snack?
A) from point a to point e B) from point a to point b C) from point a to point c D) from point a to point d
Labor productivity is ________ divided by the ________
a. units of labor employed; total output b. total output; units of labor employed c. the wage rate; the price of the good or service produced d. units of labor employed; the wage rate
Suppose that the annual dividend per share of stock is $5.40 and the closing price of the stock is $72.50, the yield of the stock would be
A) 13.43% B) 7.45% C) 23.62% D) 8.38%