Which of the following is most important if you want to achieve high earnings?
What will be an ideal response?
ability to provide others with things that they value highly
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The price elasticity of demand is useful because it measures the responsiveness of _____ to changes in _____.
A) taxpayers; demand B) producers; supply C) consumers; price D) consumers; demand E) producers; income
The United States switched from being a ________ to being a ________ in the early 1980s, when it started to run large current account ________
A) net lender; net borrower; deficits B) net borrower; net lender; deficits C) net borrower; net lender; surpluses D) debtor nation; creditor nation; deficits E) net lender; net borrower; surpluses
Market consumer surplus
A) is the area under the demand curve and above market price, up to the quantity actually bought. B) is equal to total market revenue minus cost. C) does not depend on the quantity sold. D) is the area under the market price and above the marginal cost curve.
The Taylor rule (where a and b are positive parameters) is represented by
A) i = i + a(? - ?) - b(un - u). B) i = i + a(? - ? ) + b(u - un). C) i = i + a(? - ?) - b(u - un). D) none of the above