A company office can be thought of as
A. a trade-off with land.
B. a land and labor combination.
C. a type of entrepreneurship.
D. physical capital.
Answer: D
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Which of the following leads to the suppliers paying all of a tax?
A) The supply is perfectly elastic. B) The supply is perfectly inelastic. C) The demand is unit elastic. D) The demand is perfectly inelastic.
What are three reasons that the interest-rate parity condition may not always hold?
What will be an ideal response?
Suppose that a price-discriminating monopolist divides its market into two segments. The firm will charge the lower price in the market segment where consumers
a. have relatively less elastic demand b. have relatively more elastic demand c. attach a higher marginal value to each unit of the good d. have perfectly inelastic demand e. attach higher average value to units of the good
An increase in demand:
a. results in a leftward shift of the demand curve. b. could be caused by a decrease in the price of the good. c. could be caused by an increase in the price of a substitute good. d. is shown as movement down along a demand curve.