If demand is inelastic, a drop in price will raise total expenditure.
Answer the following statement true (T) or false (F)
False
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If 2008 is the base year and the price index in 2009 is 109, prices in 2009 are _____ than prices in 2008
a. 1 percent higher b. 8 percent higher c. 9 percent higher d. 0.9 percent higher e. 12 percent higher
Describe the difference between intentional torts against persons and intentional torts against property. Include a minimum of three categories of both types of torts, and provide an example of each one in your own words.
Which of the following is an effect of a minimum wage law that establishes a wage floor above the current market clearing wage?
A. a decrease in the quantity of labor supplied B. surplus labor, or unemployment C. a decrease in the market clearing wage D. an increase in the supply of labor
Refer to the information provided in Figure 7.4 below to answer the question(s) that follow. 
Figure 7.4Refer to Figure 7.4. The average product of four workers is
A. 2. B. 12.5. C. 20. D. 34.