Over the past 20 years, purchases of foreign financial assets by U.S. investors has
A) increased significantly.
B) decreased significantly.
C) remained fairly consistent.
D) become negative.
A
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Classical economists believed that
a. full employment was an unrealistic goal. b. the economy was essentially unstable. c. the economy naturally tended toward full employment. d. employment did not matter.
For consumers who opt to pay a $10 monthly fee to have unlimited texting on their cell phones, but choose not to pay a $5 monthly fee to have unlimited call minutes, the unlimited texting option has a ________ than the unlimited minutes option.
A. lower price elasticity of demand B. lower cross-price elasticity of demand C. higher price elasticity of demand D. higher cross-price elasticity of demand
The ratio of the percentage change in quantity demanded to the percentage change in price is known as the:
A. demand-side shift factor. B. income elasticity of demand. C. price elasticity of demand. D. cross elasticity of demand.
If you are traveling in China and you purchase a meal that costs 140 yuan and the current exchange rate is 7 yuan to the dollar, then the price of the meal in U.S. currency is
A. $200. B. $20. C. $10. D. $2.