If consumer purchases of a good are not very sensitive to the price of the good, this is illustrated by a
a. demand curve that is relatively flat (more horizontal).
b. demand curve that is relatively steep (more vertical).
c. supply curve that is relatively flat (more horizontal).
d. supply curve that is relatively steep (more vertical).
b. demand curve that is relatively steep (more vertical).
Economics
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You receive $2,000 today which you plan to save for 15 years. If the interest rate is 4 percent, what is the future value of this $2,000?
a. $3,494.40 b. $3,585.85 c. $3,601.89 d. $3,676.14
Economics
By 2016, the U.S. trade deficit with China
A) had fallen to almost zero. B) was nearly $300 billion. C) had decreased to the same level of the early 2000s. D) had become a trade surplus.
Economics