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The price elasticity of demand for senior citizens purchasing coffee from McDonald's is -5 while non senior citizens have a price elasticity of demand equal to -1.25. If is cost McDonald's $0.02 to pr
what two methods can a less developed country use to finance its economic development? A.internal financing & debt rescheduling B.Interal financing & foreign investment C.Foreig
Aside from humanitarian concerns, which of the following is one reason on nation is motivated to provivde foreign aid to a less to developed country? ? A. Foreign aid is tax deductible&
Jean-Baptiste Say argued that entrepreneurs should be called the fourth factor of production because they A. organize the other factors and make things happen. B. have historically been succ
In what kind of an economy does the government make all the decisions? A. mixed B. laissez-faire C. centrally planned D. free enterprise
A firm that sells e-books – books in digital form downloadable from the Internet – sells all e-books relating to do-it-yourself topics (home plumbing, gardening, and so on) at the same pri
How does an increase in an excise tax on cars affect the supply of cars? A. More cars will be made. B. Fewer cars will be made. C. Supply will stay the same. D. Supply will increas
The price of cranberry juice suddenly increases. As a result, Glenda begins drinking more grape juice, which is less expensive, but tastes just as good to her. In this case, Glenda’s elastic dem
An increaseing government expenditure in increasing GDP when it is financed by: a) rasing taxes b) slling government bonds to the general publicc) selling government bonds to the central ban
1. The employees of Abs "R" Us, which includes 12 fitness parlors in and around the metro area, feel they can improve the performance of the company.This would be called a ______ buyout. A. Lev
Suppose that for the firm below, the goods market is perfectly competitive. The market price of the product the firm produces is $4 at each quantity supplied by the firm. What is the amount of labor
Explain why the productivity standard for the distribution of income entails rewarding people based on their contribution to society total output. Why does the productivity standard typically fail to
If the government gave each recicient family a $7,000 check instead of enrolling them in the Medicaid program, Should most of the families would spend that money to purchase health insurance?
In 1989, the Detroit Free Press and Detroit Daily News the only daily newspapers in the city obtained permission to merge under a special exemption from the antitrust laws. The merged firm c
Over the last 30 years in the United States, the realprice of a college education after adjusting for inflation has increased by almost 70 percent. Over the same period, an increasing number
Given the increase in government expenditures and the marginal propensity to consume, how would yoou find the change in equilibrium GDP?
In what way does the Bill of Rights protect individuals' freedom to engage in business activities? A. It recognizes property righs. B. It denies the government the ability to regulate commer
Why do public goods demonstrate the limitations of a free market economy? A. They allow consumers to make all of the economic decisions. B. They allow government to make some economic decisi
Can forest harvesting still be ine?cient even where tenure is given on a individual basis and is secure? Why or why not?
The owner-manager of Good Guys Enterprises obtains utility from income (profit) and from having the firms behave in a socially conscious manner, such as making charitable contributions or civic expend
When the price of corn dogs is $1.00, 5,000 corn dogs are demanded. When the price of corn dogs is $2.00, 2,500 are demanded. What is the price elasticity of demand for corn dogs?
In 1999, India did not have shopping malls. It now has more than 100 malls. Which of the following explains this rapid development? A. Uneducated people in rural areas are demanding malls. B
Link Past and Present In 2001, President George W. Bush signed the Economic Growth and Tax Relief Reconciliation Act of 2001 EGTRRA. This bill called for large tax cuts just as the Economic Recovery A
How can I determine if two goods are in the same market or market segment? I am not sure how to determine if they have the same demand curve. I need to determine if a movie rented from Redbox is o
If Starbucks raises its price by 7 percent and McDonald’s experiences a 0.3 percent increase in demand for its coffee. what is the cross-price elasticity of demand?