The widespread availability of e-mail has likely increased the price elasticity of demand for the services of the U.S. Postal Service
a. True
b. False
Indicate whether the statement is true or false
True
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If the elasticity of demand for cigarettes is 0.4, then an increase in the price of a pack of cigarettes from $5.00 to $6.00 would reduce quantities demanded by about
A. 7 percent. B. 40 percent. C. 42 percent. D. 220 percent.
If the exchange rate between the U.S. dollar and the euro was 1.20 ($1.20 = one euro), what would be the price in dollars of a bottle of French wine selling for 40 euro?
a. $33.33 b. $40 c. $48 d. $120
Countries that fix the foreign exchange value of their currencies, while following a highly expansionary monetary policy, will
a. be unable to maintain both the fixed-exchange rate and the full convertibility of their currency. b. generally experience rapid rates of economic growth. c. make it easier for their citizens to engage in international trade. d. have relatively low rates of domestic inflation.
Globalization first appeared on the world stage two decades ago
Indicate whether the statement is true or false