If the demand function for a particular good is Q = 25 ? 10P, then the price elasticity of demand (in absolute value) at a price of $1 is:
A. 8.
B. 2/3.
C. 2.
D. 1/8.
Answer: B
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French and German farmers wanting to buy equipment from an American manufacturer based in the U.S. will be ________.
A. supplying euros and demanding dollars in the foreign exchange market B. demanding dollars and also demanding euros in the foreign exchange market C. supplying dollars and also supplying euros in the foreign exchange market D. supplying dollars and demanding euros in the foreign exchange market
Discuss the difference between a private cost and a social cost
What will be an ideal response?
We can roughly estimate how long it will take a country to double its real GDP per capita using the:
A. rule of 70. B. rule of 60. C. growth estimator. D. GDP deflator.
Passage of the Depository Institutions Deregulation and Monetary Control Act of 1980
A. created uniform reserve requirements for all depository financial institutions. B. resulted in an increase in the number of financial institutions in the United States. C. discouraged the formation of big, nationwide, all-purpose financial institutions. D. meant that vault cash would no longer count toward bank reserves.