The laissez faire view of government involvement in the economy is most consistent with the
A. Supply-side theory.
B. Keynesian theory.
C. Monetary theory.
D. Classical theory.
Answer: D
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The price of a new electronic toy increases from $16 to $24 and the quantity demanded decreases from 1,050 to 950 per month as a result. Based on this information, the price elasticity of demand (in absolute terms) is estimated to be equal to:
a. 5.00 b. 4.00 c. 0.75 d. 0.25
What are some of the possible ways in which we could reduce the natural rate of unemployment?
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a. True b. False Indicate whether the statement is true or false
A stock currently does not pay an annual dividenD) An investor expects this policy to remain in force. She believes, however, the stock of this company will sell for $110.00 per share four years from now. If she has an interest (discount) rate of 7% (0.07), the dividend discount model predicts the current price of this stock should be:
A. $83.92 B. you cannot apply the model to this example since it requires a dividend be offered. C. $86.35 D. $82.00