When the quantity of coal is measured in kilograms instead of pounds, the demand for coal becomes
A) more elastic.
B) less elastic.
C) neither more nor less elastic.
D) undefined.
C
Economics
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If your risk of losing your house to catastrophe is 25%, how much would fair insurance cost if your home were worth $1,000,000?
A) $250,000 B) $750,000 C) $1,000,000 D) Unable to determine with the information given.
Economics
The most profitable way for a bank to maintain the minimum required reserves is to hold large amounts of excess reserves.
Answer the following statement true (T) or false (F)
Economics