Price and total revenue move in opposite directions when demand is inelastic
Indicate whether the statement is true or false
False
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Suppose that to move more people off the wait list for organ donations, surgeons and hospitals are developing a market for organ swapping. This is an example of a macroeconomics topic
Indicate whether the statement is true or false
The Keynesian theory of money demand emphasizes the importance of
A) a constant velocity. B) irrational behavior on the part of some economic agents. C) interest rates on the demand for money. D) expectations.
Income inequality is greatest in which of these four? countries?
A. Britain B. France C. United States D. Japan
If per capita GDP were distributed across the United States, each individual would receive:
A. Their current income divided by the U.S. population. B. The market value of final goods and services produced in the U.S. per year. C. The value of total world output divided by the population. D. The market value of final goods and services produced in the U.S. per year divided by the population.