The greater the elasticity of demand for a final product, we find ________ the demand for the factor inputs
A) the greater will be
B) the lower will be
C) that it will not impact
D) The answer cannot be determined.
A
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The profits of a partnership are
A) taxed as personal income. B) subject to a corporate tax. C) taxed as capital gains indexed for inflation. D) exempt from taxation.
What are some of the likely consequences of price ceilings on agricultural inputs?
What will be an ideal response?
The Fed conducts an open market purchase of Treasury bills of $10 million. If the required reserve ratio is 0.10, what change in the money supply can be expected using the oversimplified money multiplier?
a. $100 million b. $10 million c. 0 d. ?$10 million e. ?$100 million
Historically, development of a new technology often:
A. results in immediate increases in productivity. B. leads to increases in productivity only once firms learn how to use it. C. requires a complementary increase in physical and human capital. D. has had no impact on changes in productivity.