Conglomerate mergers are designed to increase market share
Indicate whether the statement is true or false
F
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If the demand curve for a good is unit elastic, then total expenditure will _____ as the price of the good decreases.
A. remain constant B. fall C. rise D. go to zero
If Tanisha can audit more tax returns in one hour than Libby, then Tanisha has an absolute advantage in auditing tax returns
Indicate whether the statement is true or false
Assume the marginal propensity to consume is .8 . To offset a fall in income of 1,000, the government should
a. increase taxes by $200. b. raise taxes by $250. c. increase government spending and taxes by 1,000. d. cut taxes by $200. e. both c and d.
Real assets are created by:
A. real economic activity, such as the construction of a house. B. government intervention. C. borrowing and lending. D. the agreement by individuals to exchange financial assets for financial liabilities.