The general term elasticity refers to a relationship between
a. quantity demanded and price only
b. quantity supplied and price only
c. quantity supplied or demanded and price only
d. quantity supplied or demanded and anything other than price
e. percentage changes in any two variables
E
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The current account surplus
A) is a decreasing function of disposable income and an increasing function of the real exchange rate. B) is an increasing function of disposable income and an increasing function of the real exchange rate. C) is an increasing function of disposable income and a decreasing function of the real exchange rate. D) is a decreasing function of disposable income and a decreasing function of the real exchange rate. E) is an increasing function of disposable income and a decreasing function of aggregate demand.
NPV calculation need to include
A) only sunk costs of a project. B) only variable costs of a project. C) all costs related to a project. D) a risk-free rate as the discount rate.
A move from H to I represents
A. an increase in quantity supplied.
B. a decrease in quantity supplied.
C. an increase in supply.
D. a decrease in supply.
A fixed cost expense that management has little or no control over in the short run is a ________.
Fill in the blank(s) with the appropriate word(s)