The supply of beach front property on St. Simon's Island is
A) elastic.
B) unit elastic.
C) negative.
D) inelastic.
E) perfectly elastic.
D
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When consumers' incomes increased 6 percent, the quantity of wine bought increased 12 percent. This result means
A) wine is a luxury. B) the demand for wine is income inelastic. C) wine is a necessity. D) wine is an inferior good.
In the United States, families headed by single women have higher poverty rates than families headed by single men or by married couples
a. True b. False Indicate whether the statement is true or false
Who receives corporate interest before any disbursement of profit is made to others?
a. employees b. management c. shareholders d. banks e. bondholders
A roller coaster operator produces thrill-packed rides using electricity and a roller coaster. For the roller coaster operator, electricity is
a. an opportunity cost. b. a variable cost. c. a fixed cost. d. a sunk cost.