The effective operation of the U.S. economic system depends upon
A) high profits.
B) low profits.
C) stable profits.
D) the expectation of profits.
D
Economics
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Because of an increase in the price of leather, the price of a pair of women's dress shoes increased 12 percent. If the price elasticity of demand for women's dress shoes is 0.85, which of the following will happen?
A) Total expenditure on women's dress shoes decreases. B) The number of pairs of women's dress shoes demanded decreases by 10.2 percent. C) Total revenue from the sale of women's dress shoes decreases. D) none of the above
Economics
Deviations from interest rate parity occur due to
A) transaction costs. B) government controls. C) political risk. D) All of the above.
Economics