Many economists believe that our price indexes ________ the true inflation rate
A) minimize B) overstate C) understate D) perfectly measure
B
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The difference between price elasticity of demand and income elasticity of demand is that
A) income elasticity of demand examines how an individual's income changes when prices change and the price elasticity of demand examines how quantity demand changes when price changes. B) income elasticity refers to the movement along the demand curve while price elasticity refers to a horizontal shift of the demand curve. C) income elasticity measures the responsiveness of income to changes in supply while price elasticity of demand measures the responsiveness of demand to a change in price. D) income elasticity refers to a horizontal shift of the demand curve while price elasticity of demand refers to a movement along the demand curve.
The evidence to support economist de Soto's claim that a strong titling system would lead countries to increase their economic development is:
A. strong and undisputed. B. mixed and implies that such systems may be important with other factors present. C. absent, and his claims are unfounded. D. not important as in economics some theories don’t require empirical evidence to be supported.
Monopsony firms will hire more workers than they would if the labor market were competitive
Indicate whether the statement is true or false
A call option is:
A. an option where all rights are granted to the seller of the option. B. an option giving the seller the right to sell a given quantity of an asset at a specific price on or before a specified date. C. any option written more than sixty days into the future. D. an option giving the holder the right to buy a given quantity of an asset at a specific price on or before a specified date.