Which of the following has the highest price elasticity coefficient
a. Milk
b. Macaroni and cheese.
c. Bread
d. Ski boat
Answer: d
Learn More :
CPA Module 42
- Which of the following is NOT a likely strategy for a firm in a purely competitive market?
- If the US dollar declines in value relative to the currencies of many of its trading partners, the likely result is that
- The producer price index measures
- If the Federal Reserve Board wanted to implement an expansionary monetary policy, which one of the following actions would the Federal Reserve Board take?
- Which one of the following would not be included in the calculation of the gross domestic product (GDP)?
- In macroeconomic terms, aggregate demand is the
- For a given level of tax collections, prices, and interest rates, a decrease in governmental purchases will result in a(n)
- Economic markets that are characterized by monopolistic competition have all of the following characteristics EXCEPT
- In a competitive market for labor in which demand is stable, if workers try to increase their wage
- Which of the following measures of unemployment should be of LEAST importance to management when trying to predict the future state of the economy?
- Which of the following is a defining characteristic of supply chain management?
- What percentage of the variation in quantity demanded is explained by price?
- Which of the following types of organizations would MOST likely engage in public relations type advertising?
- Which of the following is not an important aspect of supply change management?
- The market for product RK-25 is perfectly competitive. The current market price is $30, and the quantity demanded is 4 million. Due to changes in consumer tastes, a permanent increase in demand for RK-25 is expected in the near term. If nothing else changes in this market, which of the following would be the MOST feasible levels of short-term and long-term prices?
- Which of the following is NOT a means by which a firm might hedge the political risk of an investment in another country?
- Simon Corp., a US company, has made a large sale to a French company on a 120-day account payable in euros. If management of Simon wants to Hedge the transaction risk related to a decline in the value of the euro, which of the following strategies would be appropriate?
- Assume that the exchange rate of US dollars to euros is $1.80 to 1 euro. How much would a US company gain or lose if the company has a 10,000 euro receivable and the exchange rate went to $1.75 to 1 euro?
- Assume that the three-month forward rate for the euro is $1.367 and the spot rate is $1.364. What is the forward premium or discount on the euro?
- Which of the following describes a pegged exchange rate?
- What is an appropriate response by an importing country for the payment of export subsidies by an exporting country?
- Which o the following is not a foreign exchange control that may be implemented by a country?
- Assuming exchange rates are allowed to fluctuate freely, which one of the following factors would likely cause a nation's currency to appreciate on the foreign exchange market?
- If the central bank of a country raises interest rates sharply, the country's currency will most likely
- All of the following are true about international trade EXCEPT that