Suppose the demand function for a good is expressed as Q = 100 - 4p. If the good currently sells for $10, then the point price elasticity of demand equals
A) -1.5.
B) -0.67.
C) -4.
D) -2.5.
B
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The current account in a nation's balance of payments accounts includes
a. exports of U.S. computers b. imports of German automobiles. c. purchases of foreign stocks. d. Both a and b e. All of the above
Check collection and clearing happen
A) at the bank where the check was written. B) only at private clearing centers. C) at the Fed and at private clearing centers. D) only at the Fed.
Your bike is worth $100 and if you park it outside at school there is a 25% chance that it will be stolen. Your utility function for money is U = (M)2. Assume throughout that the bike value and money are interchangeable since you could sell the bike instantly at its value if necessary. What is the maximum you would pay security to check in your bike?
What will be an ideal response?
The newest evidence on Head Start suggests that it is
A. modestly effective for specific populations in the long run. B. enormously effective in the long run. C. curiously counterproductive in the long run. D. completely irrelevant for all populations in the long run.