The concept of price elasticity of demand measures:
A. the slope of the demand curve.
B. the number of buyers in a market.
C. the extent to which the demand curve shifts as the result of a price decline.
D. the sensitivity of consumer purchases to price changes.
Answer: D
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Which of the following does NOT appear on a prospectus?
A) The price of the securities being issued B) The salaries of the borrowing firm's top executives C) Audited financial statements of the borrower D) An explanation of any unusual rights granted to stockholders
Keynesian policy:
A. refers to policies that actively shift aggregate demand in an effort to reach full employment. B. refers to fiscal policy. C. promotes spending more and taxing less to boost economic activity to potential GDP. D. All of these are true.
The strategy whereby a firm makes most of its own inputs is called:
A. economies of scope. B. horizontal integration. C. economies of scale. D. vertical integration.
An ultimatum game is:
A. the only game played by unions in reality. B. one in which one player makes an offer and the other player has the simple choice of whether to accept or reject. C. a repeated sequential game. D. one in which one player makes an offer and the other player has the choice of whether to accept or offer a counteroffer.