Answer the following statement(s) true (T) or false (F)
1. The stock market involves many buyers and sellers, and provides profit statements and stock prices.
2. Sellers include consumers who purchase goods.
3. The law of demand says that, other things being equal, when the price of a good or service falls, the quantity demanded increases.
4. An individual demand curve is a graphical representation of a horizontal summation.
1. True
2. False
3. True
4. False
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Computers and laser scanners are ________ for low-skilled labor and ________ for high-skilled labor. The introduction of these technologies ________ the wage rate of high-skilled workers and ________ the wage rate of low-skilled workers
A) complements; substitutes; raises; lowers B) substitutes; complements; lowers; raises C) substitutes; complements; raises; lowers D) complements; substitutes; lowers; raises
If the price of a good is decreased and total revenue received from the sale of this good does not change, then the price elasticity of demand for the good is
A) elastic. B) inelastic. C) unitary. D) None of the above
What would be the effect on U.S. interest rates if the Chinese and Japanese governments sold all their U.S. government securities?
A. Interest rates would rise. B. Interest rates would fall. C. The selling of Chinese and Japanese U.S. government securities would have very little effect on U.S. interest rates.
A structure that combines limited liability with the pass through taxation benefits of a partnership; the bumper of shareholders is not restricted nor is members participation in management
What will be an ideal response?