A unit-elastic demand curve will be concave toward the origin
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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When Janet Yellen, Chair of the Federal Reserve, addresses Congress regarding the United States role in the world economy, she is discussing
A) a macroeconomic topic. B) a microeconomic topic. C) scarcity. D) incentives.
Economics
The following are hypothetical exchange rates: 2 euros = 1 pound; $1 = 2 pounds. We can conclude that ________.
A. $1 = 0.5 euro B. 1 euro = $2 C. 1 euro = $0.50 D. $1 = 4 euros
Economics