Specialization and trade allow countries to consume beyond their PPFs
Indicate whether the statement is true or false
TRUE
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If the demand for widgets is inelastic, total revenue will ________ if the price of widgets increases.
a. increase b. decrease c. remain the same d. one cannot tell what will happen to revenues without specific elasticity numbers e. none of the above
Suppose that an internet-based program, Novus, wants to raise $10 million to expand its business operations. Describe how Novus can raise these funds directly through each of the follow options: issuing stock, issuing bonds, or obtaining a bank loan. Compare and contrast these three options.
What will be an ideal response?
Goods that are used up entirely in the production of final goods are known as
A. intermediate goods. B. capital goods. C. durable goods. D. value added goods.
Speculation in exchange markets is often thought of as conducive to wild fluctuations in exchange rates. In practice it appears that speculators
A. have destabilized several currencies that were at sustainable equilibrium levels. B. have no effect in fixed rate systems. C. in fact tend to stabilize exchange rates rather than destabilize them. D. All of the above are correct.