Which of the following is likely to have the most price inelastic demand?
a. tablet computers
b. leather boots
c. lightbulbs
d. optional textbooks
c
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Progressive Insurance's 'Tripsense' monitors driving patterns of the people who purchase the related insurance policy. This lowers insurance costs because
a. only less reckless drivers will accept the device b. only more reckless drivers will accept the device c. drivers will believe they can now drive more recklessly d. it does not affect care in driving
A market economy answers the question "what" goods will be produced by focusing on a. dollar votes
b. least-cost method of production. c. who can afford these goods. d. none of the above
For those workers who are given fringe benefits such as health insurance and pensions, the additional income this amounts to over and above the average hourly wage can be as much as (for some workers)
a. 10-12% b. 30-40% c. 51-62%% d. 70% or more
The ordinary least square estimators have the smallest variance among all the unbiased estimators.?
Answer the following statement true (T) or false (F)