The current Federal Reserve Chairman is ________?

Refer to Table 2-9. What is Haley's opportunity cost of making a necklace?

A) 2 necklaces B) 3 bracelets C) 3/4 of a bracelet D) 1 1/3 necklaces

If a firm raised its price and discovered that its total revenue fell, then the demand for its product is

A) relatively elastic. B) perfectly inelastic. C) perfectly elastic. D) relatively inelastic.