In international financial transactions, what are the only two things that individuals and firms can exchange?
A. Currency and real assets.
B. Services and manufactured goods.
C. Preexisting assets and currently produced goods and services.
D. Currency and currently produced goods and services.
C. Preexisting assets and currently produced goods and services.
Economics
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Using the table above, what is the elasticity of demand between the prices of $6 and $4?
A) 1 B) 3/2 C) 2/3 D) 2 E) 4
Economics
Economists concerned about the behavior of individual households, firms, and industries are studying:
A) microeconomics. B) macroeconomics. C) neither macroeconomics nor microeconomics D) the "forest" of economic behavior, rather than the "trees."
Economics