Answer the following statements true (T) or false (F)
1) If the income elasticity of demand for a good is 0.5, an economic recession will increase the demand for the good.
2) If the price elasticity of demand for your product is 0.75 and you increase the price of the product, you should expect an increase in total revenue.
3) For any change in a business cycle, the percentage change in demand for a good with an income elasticity of 2.0 will be larger than the percentage change in demand for a good with an income elasticity of 1.0.
4) For any change in a business cycle, the percentage change in demand for a good with an income elasticity of 0.50 will be larger than the percentage change in demand for a good with an income elasticity of 0.25.
5) Regression analysis can help managers make decisions in the short run, but not in the long run.
1) FALSE
2) TRUE
3) TRUE
4) TRUE
5) FALSE
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Which variable does NOT enter into Carneiro's multivariate theory of state formation?
a. warfare b. population growth c. long-distance trade d. environmental circumscription e. resource concentration
Please write 2-3 sentences identifying the person, place, or thing in terms of age, location, and significance.Richard MacNeish
What will be an ideal response?
The text defines gender as
a. the biological differences in males and females. b. the way members of the two sexes are perceived, evaluated, and expected to behave. c. the differences in males and females due to the greater strength of males. d. universally-recognizable male aggressiveness and female maternalism. e. a continuum of biological sexual characteristics.
Who is often blamed for causing friction in a household in rural Indian communities?
a. brothers b. wives c. mothers d. husbands