A linear demand curve has a:
A. slope which is the same as the elasticity.
B. constant slope, but changing elasticity.
C. changing slope, but constant elasticity.
D. constant slope and a constant elasticity, but they need not be equal.
B. constant slope, but changing elasticity.
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The benefit valuations for a product are gut feelings that occur:
A. after marginal thought. B. instantaneously. C. after careful thought. D. after conscious weight is given to the cost of the product.
The figure above shows Diane's demand curve for soda. The price of a soda is $1.00. Diane's consumer surplus from her 15th soda is
A) $0.00. B) $0.50. C) $1.00. D) $1.50. E) $2.50.
A policy that offers parents a tax reduction based on how much they are saving for their children's college education should ________ the equilibrium level of loanable funds and ________ the rate of long-term growth
A) increase; decrease B) increase; increase C) decrease; decrease D) decrease; increase
Given a one-year Canadian bond with a yield of 8 percent, what will be the U.S. investor's rate of return at maturity if the Canadian dollar appreciates 10 percent against the U.S. dollar?
a. 2 percent b. 8 percent c. 10 percent d. 18 percent e. 25 percent