Online companies gather personal information about the customers who shop on their Web sites and some of those companies will use the data to estimate price elasticities of the customers
Doing this is a way that these companies might be able to charge a higher price for a product to those customers who have a ________ price elasticity of demand.
A) low B) high C) negative D) unitary
A
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Refer to the table above. Which is the optimum location for the firm to set up its factory?
A) Far B) Close C) Very Far D) Very Close
A $300 billion decrease in both government spending and taxes will
A) decrease GDP by less than $300 billion. B) decrease GDP by more than $300 billion. C) not change the level of GDP. D) decrease GDP by $300 billion.
Free markets further all of society's goals
a. True b. False Indicate whether the statement is true or false
If the Fed were to reduce the legal reserve ratio, we would expect:
A. lower interest rates, an expanded GDP, and a higher rate of inflation. B. lower interest rates, an expanded GDP, and a lower rate of inflation. C. higher interest rates, a contracted GDP, and a higher rate of inflation. D. higher interest rates, a contracted GDP, and a lower rate of inflation.