Selling a newspaper at retail for ten cents when it cost twenty cents wholesale may be profitable if
A) people who come in to buy a newspaper often make other purchases also.
B) the wholesaler is also losing money.
C) there are no substitutes for newspapers available.
D) there is about to be a newspaper strike.
A
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Does the fact that the price elasticity of demand for a good is inelastic violate the law of demand?
What will be an ideal response?
Subtracting government investment from government purchases gives us the amount of government
A) outlays. B) primary expenditures. C) secondary spending. D) consumption expenditures.
One of the differences between microeconomics and macroeconomics is the use of fiscal policy. Fiscal policy is conducted by:
a. local banks. b. a nation’s central bank. c. a nation’s legislative body. d. a state’s legislative body.
Refer to the following graph.
The upward sloping relationship in the diagram represents the:
A. quantity adjustment curve. B. long-run aggregate supply curve. C. aggregate demand curve. D. short-run aggregate supply curve.