Airlines charge business travelers more than leisure travelers because there is a more:
A. Elastic supply of business travel
B. Inelastic supply of business travel
C. Elastic demand for business travel
D. Inelastic demand for business travel
D. Inelastic demand for business travel
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People hold money as an asset rather than other assets because
A) it holds its value. B) there is no cost to holding money as an asset. C) it grows in value. D) it is highly liquid.
The price of one currency in terms of another is called an exchange rate
Indicate whether the statement is true or false
Intermediate goods are included and final goods are not included in calculating gross domestic product
a. True b. False Indicate whether the statement is true or false
As a result of the government procurement policy in the U.S.:
a. the domestic consumers are required to pay a higher price than the world price for the domestically produced goods. b. the government wields the sole authority of importing goods from abroad. c. the government wields the sole authority of exporting goods. d. the domestic producers can charge the government a higher price for their products than they charge consumers. e. the government is required to sponsor research and development for the domestic firms.