Which of the following statements is correct?
a. The demand for flat-screen computer monitors is more elastic than the demand for monitors in general.
b. The demand for grandfather clocks is more elastic than the demand for clocks in general.
c. The demand for cardboard is more elastic over a long period of time than over a short period of time.
d. All of the above are correct.
d
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If the GDP deflator rises from 185 to 190, what is the rate of inflation between the two years?
A) 270% B) 50% C) 5% D) 2.7%
A currency depreciation
a. reduces aggregate demand and increases aggregate supply. b. reduces aggregate demand and aggregate supply. c. increases aggregate demand and reduces aggregate supply. d. increases aggregate demand and aggregate supply.
The corporate hierarchy is the most complex and over managed in
A. Japan. B. South Korea. C. France. D. United States
In general, educating workers:
A. contributes little to other capabilities. B. forces them to leave their native country. C. increases overall economic growth. D. does not make them more productive.