Of the following, demand is likely to be the least elastic for
A) Ford automobiles.
B) Toyota automobiles.
C) compact disc players.
D) toothpicks.
D
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The term "brain drain" refers to
A) the decreased quality of the college-educated workforce. B) highly educated individuals who leave developing countries for high-income countries. C) the negative impact on brain function of an individual's overinvestment in human capital. D) the diminishing returns to studying for an exam.
Based on the Saving-Investment Diagram, if the world real interest rate is indicated by C, then ________
A) the difference between values H and D measures the net capital outflow B) the difference between values H and D measures the trade deficit C) the domestic real interest rate is indicated by B D) the difference between values H and F measures the trade deficit E) none of the above