If a good has a price elasticity of demand coefficient greater than 1, total revenue can be increased by raising the price
a. True
b. False
Indicate whether the statement is true or false
False
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Are there many good substitutes for water?
A) No, because living creatures die without water. B) No, even though there are many substitute ways to obtain water. C) Yes, because water is recycled by nature. D) Yes, because water is used for so many different and trivial purposes. E) Yes, because water may be found in many forms other than its pure form.
Tory applies for a line of credit which she intends to use for a once in-a-lifetime dream vacation. This transaction is subject to
a. no federal law. b. the Consumer Leasing Act. c. the Consumer Product Safety Act. d. the Truth-in-Lending Act
When a country imposes tariffs, intending to protect domestic firms from foreign competition, it is pursuing _______–oriented policies
Fill in the blank(s) with correct word
A government good or service includes
A. bridges. B. parks. C. national defense. D. all of these answer options are correct.