In order for Say's law to hold in a money economy,
A) there must be more than four goods.
B) funds saved must give rise to an equal amount of funds earned.
C) funds saved must give rise to an equal amount of funds invested.
D) none of the above
C
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When the absolute price elasticity of demand equals 0.67, demand is
A) elastic. B) unit-elastic. C) inelastic. D) undetermined without more information.
Perfect competition forms one extreme of the market structure spectrum
a. True b. False Indicate whether the statement is true or false
If the demand for coffee makers increases,
a. the quantity demanded will decrease. b. equilibrium price will increase and equilibrium quantity will decrease. c. equilibrium price will decrease and equilibrium quantity will increase. d. quantity supplied will increase. e. quantity supplied will decrease.
Queen City Sausage stock is selling at $40 per share, it has retained earnings of $1.00 per share, and dividends of $1.00 per share. What is the price-earnings ratio and what is the dividend yield?
a. 20, 2.5 percent. b. 20, 5 percent. c. 40, 2.5 percent. d. 40, 5 percent.