If demand is unit elastic, revenue
A. and price rise and fall together.
B. rises as price falls.
C. falls as price rises.
D. remains constant as price rises or falls.
Answer: D
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Government corruption reduces economic growth around the globe, most commonly through widespread cash payments or gifts to receive a government service
Indicate whether the statement is true or false
A higher rate of saving at the national level will, in the long-run ________
A) cause a decrease in levels of capital and output B) have no effect on levels of capital and output C) lead to an increase in population growth D) cause an increase in levels of capital and output
What is the least accurate description of changes in the New World distribution of slaves over time?
a. The West Indies' share of slaves in 1825 was slightly larger than its share of the original transatlantic slave trade. b. The United States was a relatively minor importer of slaves, but grew to hold the largest number of slaves. c. Brazil was the largest importers of slaves from Africa and had one of the largest slave populations in 1825.
Which of the following commodities can be considered as an inferior good?
a. Dwelling in a small apartment located in a suburb b. Washing clothes in a washer at home c. Eating out at an upscale restaurant d. Spending vacations at exotic locations