If political unrest abroad substantially reduces the supply of copper to the United States, the price of copper will rise by a larger amount
A) the more elastic the demand for copper.
B) the more inelastic the demand for copper.
C) the more elastic the supply of copper.
D) the more inelastic the supply of copper.
B
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A firm can fund an expansion of its operations by
A) paying dividends. B) loaning money. C) buying stock. D) issuing bonds.
Susie spends more of October thinking about her Halloween costume than she spends thinking about a proposed law that will be on the November ballot. Which of the following is true?
a. This behavior is rational if she expects a greater benefit from the costume than from any possible effect her vote could have on the proposed law. b. This behavior is rational if she is planning to spend the time from Halloween to Election Day thinking about the law. c. This behavior is not rational because the law is more important than the costume. d. In order for this behavior to be considered rational, it would have to be true that Susie is too ignorant to fully understand the law. e. In order for this behavior to be considered rational, it would have to be true that Susie would not be affected by the law.
Neper has finished a bachelor’s degree in nursing and is just starting his career. As a registered nurse, he has a(n) ______________ issued by the state that lets his patients know that he is qualified to practice.
b. service contract c. career guarantee d. occupational license
A basic purpose of macroeconomic theory is to:
a) Stop economic contractions from occurring. b) Control the business cycle. c) Cause GDP to grow. d) Explain the business cycle.