If we measure the income elasticity of a good as negative 1.8, this means this good is a(n): a) complementary good.b) luxury good.c) inferior good.d) substitute good
Category: Economics
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(Answered) What are the two types of stock offered by corporations?Multiple Choiceprivate and publiccommon and…
What are the two types of stock offered by corporations?
Multiple Choice
private and public
common and preferred
limited and preferred
common and leveraged
clear and restricted -
(Answered) Which of the following is a primary activity of organized crime in the Philippineshuman…
Which of the following is a primary activity of organized crime in the Philippines
human trafficking
kidnapping for ransom
firearms smuggling
all of these choices are correct -
(Answered) Which constitutional features reflect a fear of excessive democracy, which could produce tyrannyof…
Which constitutional features reflect a fear of excessive democracy, which could produce tyrannyof popular majorities?
Correct Answer(s)
: closed primaries
Incorrect Answer(s)
: -
(Answered) Which of the following is not a basic device for ensuring limited government under the…
Which of the following is not a basic device for ensuring limited government under the Constitution?
Separation of powers
Presidential pardon power
Judicial review
Federalism -
(Answered) The random walk hypothesis is related to which of the following forecasting approaches?technical…
The random walk hypothesis is related to which of the following forecasting approaches?
technical analysis
fundamental approach
Wall Street approach
efficient market approach -
(Answered) Which of the following is the process of adjusting the number of congressional seats allotted to…
Which of the following is the process of adjusting the number of congressional seats allotted to each state?A. redistrictingB. gerrymanderingC. apportionmentD. census
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(Answered) What is the impact of technological change on productivity measurement?It complicates measurementIt…
➤ What role do intangible assets and services play in measured productivity?
Intangible assets like software, R&D, and brand value drive modern productivity gains. They often lack market prices and appear off balance sheets, so national accounts can ignore them. Digital services and platform-mediated interactions complicate output attribution. Proper capitalization, new deflators, and investment measures help capture their contribution to labor productivity and total factor productivity growth. -
(Answered) The primary inducement for new firms to enter an industry is Group of answer choicesLow capital…
➤ Why do low capital costs encourage entry, and are they the main reason?
Low capital costs lower the fixed investment needed to start a firm, reducing financial risk and making entry feasible for more competitors. They help by lowering barriers, especially in capital-intensive industries. However, low capital alone does not guarantee entry; sustained economic profits and market demand remain the stronger incentives that drive firms to commit resources. -
(Answered) The Coercive Acts did which of these things?Declare George Washington a traitorClose the Port of…
➤ How did the Coercive Acts affect town meetings?
They significantly restricted town meetings. The Massachusetts Government Act required the royal governor’s permission for most assemblies and limited town meetings to select occasions, like elections. Colonists saw this as an attack on local self-government and used it to rally wider opposition, which helped bring delegates from different colonies together.