In an open economy including the government, planned expenditures equals
A) C + I + G + X + M. B) C + I + G. C) C + I + G - X + M. D) C + I + G + X - M.
D
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The cross elasticity of demand is
A) the percentage change in the demand of one good divided by the percentage change in price of another good. B) the change in the price of one good divided by the change of quantity demanded of another good. C) the percentage change in the quantity demanded of one good divided by the percentage change in the quantity demanded of another good. D) the percentage change in the price of one good divided by the percentage change in the price of another good.
United Parcel Service and other parcel post carriers have expanded in part because
a. the U.S. Postal Service licensed them the right to deliver first-class mail b. Congress gave patents to these companies c. the U.S. Postal Service does not have a monopoly on all types of mail d. the telephone has replaced the letter as a means of correspondence e. Congress has all but eliminated funding for the U.S. Postal Service
According to the graph, when price falls from point $40 to $30 we know that demand must be
a. elastic, since total revenue increases from $8000 to $9000. b. inelastic, since total revenue increases from $8000 to $9000. c. inelastic, since total revenue decreases from $9000 to $8000. d. unit elastic, since total revenue decreases from $9000 to $8000.
Compared to money-market instruments, capital-market instruments are of ________ maturity and are generally ________ risky
A) shorter, less B) shorter, more C) longer, less D) longer, more