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Author Question: If demand for lima beans is inelastic, a poor lima bean harvest could increase the total revenue of ... (Read 169 times)

tfester

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on: Jun 30, 2018
If demand for lima beans is inelastic, a poor lima bean harvest could increase the total revenue of lima bean producers.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

In the financial crisis of 2008, which of the following were not among the consequences of high leverage in the banking industry?
 a. Less investment was undertaken than would otherwise have been the case.
 b. Less consumption spending took place than would otherwise have been the case.
  c. Unemployment was lower than it would otherwise have been.
 d. Real GDP was lower than it otherwise would have been


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fwbard

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

True

Answer to Question 2

c


tfester

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Reply #2 on: Jun 30, 2018
Correct answers!


fwbard

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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