Jaime’s cross price elasticity of science fiction and mystery novels is -4. This means that the novels are
a. compliments.
b. normal.
c. substitutes.
d. inferior.
c. substitutes.
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Indirect finance refers to the flow of funds from savers to borrowers through financial intermediaries
Indicate whether the statement is true or false
Workers employed in jobs that do not utilize their productive talents or experience are considered
a. structurally unemployed b. structurally employed c. discouraged workers d. underemployed workers e. untrainable
According to the process of creative destruction, at first the entrepreneur will be able to sell her product for
a. a low price because it is not well known. b. a high price because there is no competition. c. a fair price because these are contestable markets. d. at a price of zero until the market is created.
Which of the following government entities relies most heavily on sales taxes?
a. local government b. state government c. federal government d. the Social Security Administration