If demand changes greatly with a small change in price, the demand is ________

A) variable
B) inelastic
C) derived
D) elastic
E) negative

D

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Which of the following relationships would be considered a general agency?

A. A broker representing a buyer. B. A broker representing a seller. C. A broker managing an owner's rental property. D. A listing broker working with a customer buyer.

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Which of the following is a belief held by advocates of the humanist school of ethical thought?

A) Actions can be judged ethically good or bad on the basis of absolute moral principles arrived at by human reason regardless of the consequences of an action. B) One should focus on a general rule that exemplifies net happiness for the whole society. C) Individuals would arrive by reason alone at standards of conduct that ultimately derive from a divine being. D) Whatever applicable rule has been established by political representatives must be followed and should serve as a standard in the evaluation of similar acts.

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