Raina consumes 100% more mechanical pencils when the price of felt-tip pens increases by 50%. for raina, pencils and pens are and the cross-price elasticity of demand is

Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate

Sauer food company has decided to buy a new computer system with an expected life of three years. the cost is $440,000. the company can borrow $440,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. assume interest is paid in full at the end of each year. a. how much would sauer food company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 12 percent rate? compare this to the 14 percent three-year loan.

Which of the following comes after a period of recession in the business cycle? a. stagflation b. a drought c. a boom d. recovery