If the elasticity of supply of a good is equal to 0.62, then we can say that the supply curve for the good is:
a. elastic

Suppose that a bond promises to pay $107 next year but the interest rate falls from 7 percent to 3 percent per year. How much will the price of the bond be and why?

What will be an ideal response?

An important explanation of the high income inequality in Brazil is unequal access to

a. food b. education c. infrastructure d. jobs e. none of the above