A perfectly inelastic demand is one in which the:
A. demand curve is perfectly vertical.
B. demand curve is perfectly horizontal.
C. measured elasticity is exactly 1.
D. response to a change in price is immediate.
A. demand curve is perfectly vertical.
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One of the arguments in favor of trade restrictions is the foreign export subsidies argument
Indicate whether the statement is true or false
Which of the following transactions leads to an inflow of funds on the U.S. financial account?
A. A resident of China purchases U.S. government bonds. B. A U.S. resident sells wheat to an African nation. C. A resident of Mexico visits the United States. D. A U.S. resident purchases a share of stock on the Hong Kong exchange.
A fall in inventories is synonymous with ________ investment
A) negative fixed B) positive fixed C) positive inventory D) negative inventory
The Employment Act of 1946 states that
a. the Fed should use monetary policy only to control the rate of inflation. b. the government should promote full employment and production. c. the government should periodically increase the minimum wage and unemployment insurance benefits. d. All of the above are correct.