If demand for a good is price elastic, it must also be income elastic
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following industries would be considered to have a capital intensive production process?
A. Auto manufacturing B. Farming in a poor country C. Writing a novel. D. Art restoration.
Higher interest rates in Iceland and the Baltic states in 2008-2009 were necessary to protect the value of their currencies against capital flight
a. True b. False Indicate whether the statement is true or false
Refer to the graph shown. An effective price floor at $8 causes consumer surplus to:
A. fall from 62.50 to 10. B. increase from 120 to 130. C. fall from 320 to 80. D. increase from 10 to 62.50.
If a bank has a leverage ratio of 0.1 and a return on capital of 2%, what is its return on equity?
A) 0.2% B) 2.1% C) 5% D) 20%