The difference between slope and elasticity is that slope
a. is a ratio of two changes, and elasticity is a ratio of two percentage changes.
b. is a ratio of two percentage changes, and elasticity is a ratio of two changes.
c. measures changes in quantity demanded more accurately than elasticity.
d. None of the above is correct; there is no difference between slope and elasticity.
a
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To reassure investors who were unwilling to buy mortgages in the secondary market, the U.S. Congress used two government sponsored enterprises, ________, to sell bonds to investors and use the funds to purchase mortgages from banks
A) the Securities and Exchange Commission (SEC) and the Federal Trade Commission (FTC) B) ACORN and the Federal Housing Administration (FHA) C) Fannie Mae and Freddie Mac D) the Fed and the Treasury Department
A sole proprietorship is typically a relatively small business because
a. its operations must stay within state borders b. it is operated out of the proprietor's home c. there are no employees, only working family members d. there are no bank loans available for expansion e. expansion often requires a partner or conversion to another form of business organization