In 2008–2009, the U.S. economy provided a
A. healthy climate for investment spending.
B. change in aggregate demand that fostered more capital formation.
C. sluggish climate for investment spending.
D. booming economy that spurred investment spending.
Answer: C
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Keeping in mind economists' definition of factors of production, which of the following is NOT a factor of production?
A) money B) low-skilled labor C) coal D) an engineer
Dana is an art historian who needs to travel to Italy to do research. Art historians usually don't have a lot of money, and therefore are very sensitive to price changes. Dana's funding agency pays her a fixed amount to travel. At current exchange rates, Dana can stay in Italy for 35 days. If the exchange rate improves by 10 percent, she can stay for 40 days. What is Dana's price elasticity of
demand for days spent in Italy? a. It is approximately equal to 2.3. b. It is approximately equal to 1.6. c. It is approximately equal to 1.4. d. It is approximately equal to 0.4. e. It is approximately equal to 0.1.
The act of buying a commodity in one market at a lower price and selling it in another market at a higher price is known as:
a. buying long. b. selling short. c. a tariff. d. arbitrage.
Bond prices and interest rates are directly related
a. True b. False Indicate whether the statement is true or false