PriceQuantity Demanded$510$420$330$240$150Refer to the table above. Starting at a $1 price, at what price range does demand become elastic?
A. $4-5
B. $3-4
C. $1-2
D. $2-3
Answer: B
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Which of the following represents a preventative measure against bank runs?
A) The President of the United States can order banks to pay depositors. B) The Federal Reserve can lower reserve requirements to ensure that banks have sufficient funds. C) The FDIC provides deposit insurance. D) None of the above is correct.
Considering the law of one price, evidence in the foreign exchange markets over brief intervals shows:
A. the law works most of the time. B. the law only works in the very short run. C. this is the closest thing to a perfect law in economics. D. that the law fails most of the time.
Answer the following questions true (T) or false (F)
1. An increase in the real interest rate will decrease consumption and investment. 2. Retained earnings are always sufficient to finance a firm's rapid expansion in a high-growth economy. 3. Financial markets and financial intermediaries comprise the financial system.
Risk in finance means:
A. Mostly positive outcomes B. Mostly negative outcomes C. Either positive or negative outcomes D. The same thing as risk in health science