Ticket prices to a Kanye West concert increase from $40 to $60. As a result, ticket sales decrease from 50,000 to 40,000. The elasticity of demand for Kanye West tickets equals and demand is .

Which of the following statements is not correct? 1) trade allows for specialization. 2) trade has the potential to benefit all nations. 3) trade allows nations to consume outside of their production possibilities curves. 4) absolute advantage is the driving force of specialization.

How is the role of government determined in the american free enterprise system?

Downing company issues $5,000,000, 6%, 5-year bonds dated january 1, 2017 on january 1, 2017. the bonds pay interest semiannually on june 30 and december 31. the bonds are issued to yield 5%. what are the proceeds from the bond issue?