Price elasticity of demand is a units-free measure
Indicate whether the statement is true or false
TRUE
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What asset is created by government, not sold on financial markets, not issued by financial intermediaries, and is held directly by savers?
A) checkable deposits B) currency C) government bonds D) mortgages
A noncooperative game situation may occur when
A) firms collude. B) firms find collusion too costly. C) firms merge. D) firms agree to price fixing.
What's the opportunity cost of taking an unfair advantage in a deal?
A. Probably nothing, if the transaction is only taking place once. B. Building a reputation for being untrustworthy if the deal is likely to be repeated. C. Future deals may not occur or may come at a much higher cost. D. All of these statements are true.
International trade allows a country's consumption possibilities to exceed its production possibilities.
Answer the following statement true (T) or false (F)