The cross-price elasticity of demand between bananas and apples is most likely:
A. positive.
B. negative.
C. zero.
D. More information is needed to determine.
Answer: A
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Use the information in the table above to calculate the value of net exports
A) $10 million B) $0 C) -$10 million D) $30 million
With consumption on the vertical axis and leisure on the horizontal axis, the slope of the budget line is equal to
A) w. B) -w. C) ?. D) -?.
________ risk involves variation in returns due to the ups and downs of the economy, the industry and the firm
A) Structural B) Fluctuational C) Business D) Financial
Euro-pessimists believe that the Eurozone has been unsuccessful because:
A) it has had little effect on already high intra-European trade. B) the euro is becoming a reserve currency for foreign central banks. C) European inflation has fallen to 10% annually. D) there are no exit mechanisms for countries to leave the Eurozone.