Which of the following is not a determinant of elasticity?
a. availability of substitutes
b. share of the consumer's budget spent on the amount
c. duration of the adjustment period
d. the location of the product
d
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Refer to the scenario above. Charles will receive a payoff of ________ if Beth trusts him and he defects
A) $50 B) $0 C) $20 D) $10
If Xavier can produce sandwiches at a lower opportunity cost than Kimani, then
a. Xavier has a comparative advantage in the production of sandwiches. b. Kimani has a comparative advantage in the production of sandwiches. c. Xavier should not produce sandwiches. d. Xavier is capable of producing more sandwiches than Kimani in a given amount of time.
Suppose that monetary neutrality and the Fisher effect both hold. An increase in the money supply growth rate increases
a. the inflation rate and growth of real GDP. b. the inflation rate but not the growth rate of real GDP. c. the growth rate of real GDP, but not the inflation rate. d. neither the inflation rate nor the growth rate of real GDP.
Consider the following regression equation: 
. What does 
imply?
A. 
measures the ceteris paribus effect of 
on 
.
B. 
measures the ceteris paribus effect of 
on 
.
C. 
measures the ceteris paribus effect of 
on 
.
D. 
measures the ceteris paribus effect of 
on 
.