Which of the following is more likely be the price elasticity of demand for anti-venom?
a. highly inelastic
b. unit elastic
c. elastic
d. perfectly elastic
a
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Colonists supporting the American Revolution (1775–1781)
(a) were well-prepared and well-organized. (b) comprised at least two-thirds of the total colonial population. (c) faced lower transportation and communication costs than the British during the war. (d) were able to tax the colonists to finance the war.
The price elasticity ofdemand for insulin is:
A. likely to be perfectly inelastic over some range of prices. B. perfectly elastic. C. a large portion of someone's income. D. low relative to the supply.
In the short run, a perfectly competitive firm will always shut down if total revenue is ____ at all positive output levels
a. less than total cost b. less than total cost but greater than variable cost c. less than total cost but greater than fixed cost d. greater than fixed cost e. less than variable cost
Suppose that an American opens and operates a candy factory in Finland. This is an example of
a. foreign direct investment. American saving is used to finance Finish investment. b. foreign direct investment. American saving is used to finance American investment. c. foreign portfolio investment. American saving is used to finance Finish investment. d. foreign portfolio investment. American saving is used to finance American investment.