Refer to the data. At the point where 3 units are being sold, the coefficient of price elasticity of demand:
A. cannot be estimated.
B. suggests that the market is purely competitive.
C. is less than unity (one).
D. is greater than unity (one).
D. is greater than unity (one).
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Suppose that last week 100,000 people lost their jobs or quit. We can say that
A) the number of unemployed increased by less than 100,000 people because we should not count those who quit their jobs. B) the 100,000 people represent a stock known as the new unemployed. C) the number of unemployed increased by 100,000 people. D) the 100,000 people represent a flow known as job departures.
Swiss attempts to target monetary aggregates ended in the 1990s because ________
A) the expectations of Swiss households had evolved from being adaptive to rational B) structural changes in the economy had rendered existing practices inflationary C) of the resulting increase in interest rates D) the ensuing deflation increased the real value of debt held by Swiss manufacturing firms
The current deregulatory movement began to change laws to deregulation in the
a. early 1970s. b. late 1970s. c. early 1980s. d. early 1990s.
A trade embargo harms
A. the target country and the non-embargoing countries. B. both the target country and the country initiating the embargo. C. only the target country. D. only the country that initiates the embargo.