All other things constant, goods will have more __________ demand if their price uses up a __________ proportion of a consumer's budget
a. price-elastic; greater
b. unit-elastic; smaller
c. price-elastic; smaller
d. price-inelastic; greater
e. stable; greater
A
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Suppose that homemakers are included as employed in the labor force statistics, rather than being counted as out of the labor force. This would
A) increase the measured labor force participation rate. B) increase the measured unemployment rate. C) decrease the number of persons in the labor force. D) decrease the number of persons in the working-age population.
Options on individual stocks are referred to as
A) stock options. B) futures options. C) American options. D) individual options.
A risky small business stands the best chance of finding external financing from
A) a commercial finance company. B) a commercial bank. C) an investment bank. D) trade credit.
A free good (price = $0) will be consumed up to the point at which its marginal utility is zero
a. True b. False