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Author Question: If the cross price elasticity of demand between goods A and B was equal to 0.5, those goods are ... (Read 115 times)

naturalchemist

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on: Jun 30, 2018
If the cross price elasticity of demand between goods A and B was equal to 0.5, those goods are substitutes.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

One uniquely American aspect of central banking is that:
 a. the United States has 12 central banks rather than one.
 b. the Federal Reserve is a private institution with no governmental supervision.
 c. the dual banking system created two parallel central banks.
 d. the U.S. Treasury runs the Federal Reserve as an extension of the Executive Branch.


cswans24

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

a


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