Which of the following is the ultimate goal of monetary policy?
a. Complete removal of income inequality
b. Economic growth with price stability
c. Free trade
d. Balanced budget
e. Economic welfare
b
Economics
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When a country both exports and imports a type of commodity, the country is engaged in
A) intra-industry trade. B) increasing returns to scale. C) imperfect competition. D) inter-industry trade. E) an attempt to monopolize the relevant industry.
Economics
A health club sells 50 memberships when the monthly price is $60 and 70 memberships when the monthly price is $40 . The price elasticity of demand for memberships at this health club is (using the average values method):
a. 0.25. b. 0.6. c. 1.0. d. 1.1. e. 0.83
Economics