Dan Heath is the majority owner of Plain Truth Advertising. He hires Shirley Downs as the chief executive officer (CEO). In terms of an economic model, Mr. Heath is the ________ and Ms. Downs is the ________.

Suppose the nation of Alphonia was charged with dumping electric lawnmowers in the nation of Omegalon. The result of Omegalon imposing anti-dumping tariffs on electric lawnmowers manufactured in Alphonia would most likely be

A) lower selling prices on electric lawnmowers in Alphonia. B) higher selling prices on electric lawnmowers in Omegalon. C) increased exports of electric lawnmowers from Alphonia. D) an increased market share for Alphonian-manufactured electric lawnmowers in Omegalon.

The quantity of medical care demanded appears to be highly sensitive to changes in price

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