Johnny has worked as a CPA for five years and wants to open his own public accounting practice. The cost of his college degree in accounting represents

If the price of a movie ticket increases by 4 percent and the quantity of movies demanded falls by 2 percent, the price elasticity of demand is

A) 2.0. B) 4.0. C) 0.5. D) some amount that cannot be determined without more information.

The only money that can be used as a standard of value is fiat money

a. True b. False Indicate whether the statement is true or false