Suppose when the price of calculators is $18, the quantity demanded is 90, and when the price is $22, the quantity demanded drops to 70. Using the mid-point method, the price elasticity of demand is:
A. 1.25
B. 25 percent
C. 20 percent
D. 25
A. 1.25
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Unlike Classical economists, Keynes believed that the economy could be trapped in a depression and not return to full employment without government intervention
Indicate whether the statement is true or false
In a _____ the outsider buys the shares with debt collateralized by its other assets, and sometimes also by the target's assets
a. merger b. cash tender c. proxy fight d. leveraged buyout
Frictional unemployment is a part of the unemployment rate that refers to those workers who are: a. moving between jobs
b. no longer looking for a job because they are discouraged about their prospects. c. jobless due to the seasonal nature of their jobs. d. jobless due to a recession in the economy.
The implicit cost of ownership:
A. leads people to value things more once they possess them. B. is a nonmonetary opportunity cost that is often overlooked. C. is a cognitive bias if it goes ignored. D. All of these are true.