Refer to Table 13-1. The Table shows
A) a demand schedule with an inelastic segment from $7.50 to $6.50 followed by an elastic segment.
B) a demand schedule with an elastic segment from $7.50 to $6.50 followed by an inelastic segment.
C) an elastic segment of the demand schedule.
D) an inelastic segment of the demand schedule.
C
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A net increase in inventories is considered as investment for the current year
a. True b. False Indicate whether the statement is true or false
If the government increases the income tax rate:
A. disposable income decreases. B. disposable income increases. C. disposable income remains unaffected. D. total income increases.
An activity that would not be included in GDP would be:
A. a sweater you knit for your roommate for her birthday. B. paying a company for cleaning your house. C. getting tomatoes from your garden and making salsa with them. D. None of these would be included in GDP.
The demand for the Franconian franc in the foreign exchange market equals 11,000 - 25,000e and the supply of francs in the foreign exchange market equals 9,000 + 25,000 e, where e is the nominal exchange rate expressed in U.S. dollars per franc. If the franc is fixed at 0.25 U.S. dollars per franc, then the franc is ________ and Franconia has a balance-of-payments ________.
A. overvalued; surplus of 10,500 francs B. undervalued; surplus of 10,500 dollars C. undervalued; deficit of 10,500 francs D. overvalued; deficit of 10,500 francs