The future value of a sum of money deposited in a bank will be higher if ________
A) the rate of interest is low
B) the rate of inflation is low
C) the returns on other assets are low
D) the money is kept in the bank for a longer period of time
D
Economics
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To determine the price elasticity of demand, we
A) need information on consumers' incomes. B) need to know how much is available. C) compare the percentage change in the quantity demanded to the percentage change in the price. D) compare the change in the quantity to the change in price. E) divide the quantity by the price.
Economics
In his 1951 book Social Choice and Individual Values, Arrow's perfect voting system satisfies all of the following properties except
a. unanimity. b. transitivity. c. reflexivity. d. independence of irrelevant alternatives.
Economics