In 2012, the number of people living in the world on less than $1.90 a day was:
A. roughly 13% of the world's population.
B. just over a quarter of the world's population.
C. just over a fifth of the world's population.
D. just under 10 percent of the world's population.
C. just over a fifth of the world's population.
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As price decreases and we move down further along a linear demand curve, the price elasticity of demand will:
a. decrease. b. increase. c. stay the same. d. approach infinity. e. increase or decrease.
In a market economy, supply and demand are important because they
a. play a critical role in the allocation of the economy's scarce resources. b. determine how much of each good gets produced. c. can be used to predict the impact on the economy of various events and policies. d. All of the above are correct.
Refer to the diagram. If the supply of loanable funds is S 1 and the demand for loanable funds is D 1 , the equilibrium interest rate and quantity of funds borrowed will be:
A. G and A.
B. F and A.
C. F and C.
D. E and A.
Corporate power comes from the people who voluntarily agree to comply with a leader's proposal. Formal authority and control over a company's budgets and resources are some sources of corporate power. Corporate power also comes from the people who voluntarily agree to comply with a leader's proposal. Which one is most important for the successful functioning of today's corporate management?
What will be an ideal response?