Suppose you observe that as a TV manufacturer increases its price its total revenue decreases. This could be due to:
A. demand being price inelastic.
B. demand being price elastic.
C. demand being unit elastic.
D. demand being perfectly price inelastic.
Answer: B
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Which of the following items is (are) not considered as part of the net investment calculation?
a. installation and shipping charges b. acquisition cost of new asset c. salvage value of old equipment that is being replaced d. first year's net cash flow e. c and d
Which of the following is true?
A. Keynes asked the question: If supply creates its own demand, why are we in a worldwide depression? B. According to Keynes, if savings were greater than investment, interest rates would fall, bringing the economy back to full employment. C. Keynes believed that wages and prices were flexible. D. Keynes believed the economy was basically stable.
From 1980 to 2000 the labor force participation rate generally ________ and from 2000 to 2014 the rate generally ________
A) increased; decreased B) decreased; decreased C) increased; increased D) decreased; increased
As the expected future exchange rate for dollars increases
A) the demand for U.S. dollars increases. B) the supply of U.S. dollars decreases. C) both the demand for U.S. dollars and the supply of U.S. dollars increase D) Both answers A and B are correct.