Which of the following is an accurate statement about interest rates?
a. Increases and decreases in money supply have the largest effect on gross interest rates.
b. Increases and decreases in money supply have the largest effect on real interest rates.
c. When the short-term nominal interest rate changes, the long-term real interest rate often changes in the opposite way.
d. When the short-term nominal interest rate changes, the long-term real interest rate often changes in the same way.
d. When the short-term nominal interest rate changes, the long-term real interest rate often changes in the same way.
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Selling a product in a foreign nation at a price less than its cost of production is called
A) infant-industry exploitation. B) absolute advantage. C) dumping. D) net exporting.
The price elasticity of demand for bread is
a. computed as the change in the price of bread divided by the change in the quantity demanded of bread. b. independent of the availability of close substitutes. c. influenced by whether consumers view bread as a necessity or luxury. d. All of the above are correct.
To complete company setup you must complete all of the following except:
a. Add customers b. Add payroll forms c. Add products and services as items d. Add vendors
The relationship between the price of a good and the quantity that a single consumer is willing to buy during a particular time period is shown by the:
A. market supply curve. B. individual supply curve. C. market demand curve. D. individual demand curve.