The income elasticity of demand for foreign travel
A) is likely to be smaller than the income elasticity of demand for food.
B) is likely to be larger than the income elasticity of demand for food.
C) cannot be compared to the income elasticity of demand for food.
D) is likely to be inelastic.
E) is likely to be negative.
B
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In 2011, the average American earned about $48,000 while the average Nigerian earned about $1,200 . Which of the following statements is likely?
a. The average American purchases more televisions than the average Nigerian. b. The average American has better nutrition and healthcare than the average Nigerian. c. The average American has a longer life expectancy than the average Nigerian. d. All of the above are correct.
State-chartered banks that are members of the _____________ System are examined by the Federal Reserve.
Fill in the blank(s) with the appropriate word(s).
The best way for a Euroequity to get a listing in the United States is to issue a(n) ________.
A) Global Depositary Receipt B) European Depositary Receipt C) American Depositary Receipt D) Domestic Depositary Receipt
Consumer surplus is
A. a measure of the gains from trade to consumers. B. the result of a surplus. C. the result of a shortage. D. a measure of the quantity traded by consumers.