The price elasticity of supply for the Hope Diamond is zero because there is only one. Therefore, the supply curve for the Hope Diamond is
A. perfectly inelastic.
B. unit elastic.
C. elastic.
D. perfectly elastic.
Answer: A
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The international capital market is:
A) the international currency exchange. B) a market in which capital assets are exchanged for services. C) the market that is subject to intense regulation and must file a report to the Basel committee on a biannual basis. D) not really a single market, but a group of closely interconnected markets in which asset exchanges with some international dimension take place. E) an organization of fiscal policies that dictate international trade.
Between 1850 and 1950 the productivity of the average American farm worker
A. declined. B. remained about the same. C. doubled. D. quadrupled.
If GNP is $625 billion and depreciation is $125 billion, then net national product is
A. $5 billion. B. $500 billion. C. $700 billion. D. $750 billion.
The expected rate of return is a guaranteed rate of return on an investment. Evaluate.
What will be an ideal response?