Suppose the absolute value of the price elasticity of demand for basketball game tickets on your campus is greater than 1. Increasing ticket prices will increase the total revenue from ticket sales
Indicate whether the statement is true or false
FALSE
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If the expansion of an export industry leads to the provision of infrastructure such as roads or airports, this is called a(n)
A) secondary effect. B) linkage effect. C) elementary effect. D) None of the above.
The fundamental problem of economics is
A. The scarcity of resources relative to human wants. B. How to get government to operate efficiently. C. How to create employment for everyone. D. The law of increasing opportunity costs.
When actual output exceeds potential output, _____
Fill in the blank(s) with the appropriate word(s).
As technology allows information regarding the financial health of corporations to become easier to obtain, we should expect:
A. the risk spread to decrease. B. the role of bond rating agencies to become more important. C. the risk spread to increase. D. a decrease in the number of participants in the bond market.