Tag: Economics – Others

calculate and compare the opportunity costs of producing one unit of corn and one unit of sugar in each country which country has the lower opportunity cost for each good

Consider the data in the table below for a hypothetical economy.Calculate the income elasticity of demand for gasoline in this economy.A. 3.28B. 2.46C. 1.64D. 4.92E. 0.82

Economically, duration is a(n) Blank______ between price changes and interest rate changes.
Multiple choice question.
demand curve
elasticity
indifference curve
supply curve

Ancient Rome employed torture: Group of answer choices
Against citizens of the lower classes.
Against all citizens.
Against slaves only.
As a legal practice in treason cases.

What makes a community garden?It is non-rival and non-excludableOnily paying members can access itIt is open to everyone but excessive use diminishes its value for others

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

The random walk hypothesis is related to which of the following forecasting approaches?
technical analysis
fundamental approach
Wall Street approach
efficient market approach

Consider the following production function: Q = f(L, K) = L
0.4
K
0.5
, where L is the amount of labor that the firm uses, K is the amount of capital, and Q is output.

Who is the second in the line of presidential succession, after the vice president?
A. majority leader
B. president pro tempore
C. chair of the majority caucus
D. Speaker

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