Migraine medicine increased in price by 6% causing a 1% increase in quantity supplied. Supply is
a. inelastic.
b. elastic.
c. unit elastic.
d. elasticity.
a. inelastic.
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If the Fed is concerned about inflation, its actions ________ long-term interest rates so that investment ________ and net exports ________
A) lower; increases; decrease B) raise; decreases; decrease C) lower; increases; increase D) raise; increases; increase E) lower; decreases; decrease
A vertical merger is one that takes place between two companies producing different goods or services for one specific finished product
Indicate whether the statement is true or false
Explain why a London Eurobank has a competitive advantage over a bank in New York in attracting dollar deposits
What will be an ideal response?
Julia invested $3,000 at an annual interest rate of 5 percent. From last year to this year, there has been a 4 percent inflation rate. After a year, the purchasing power of her investment _____.
(A) Is 4 percent (B) Is 5 percent (C) Rose by 1 percent (D) Fell by 1 percent