Economists refer to consumers' desire for goods now rather than in the future as
a. a positive rate of time preference.
b. the rational expectations hypothesis.
c. roundabout methods of production.
d. the inflationary premium.
A
Economics
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For which of the following is demand likely to be the most price elastic?
a. a good for which there are no close substitutes b. a good for which there are no easily-obtained substitutes c. a good with close substitutes that are difficult to obtain d. a good that is no longer being produced e. a good for which close substitutes are easily obtained
Economics
Financial securities that represent promises to repay a fixed amount of funds are known as
A) bonds. B) stocks. C) pension funds. D) insurance premiums.
Economics