6- How does the United States compare to other advanced, industrialized economies on the issue of openness? a. The U.S. economy is completely closed. b. The U.S. economy is at the low end of openness. c. The U.S. economy is above average in openness. d. The U.S. economy is among the most open. e. The U.S. economy is the most open of any economy. 24- If demand is unit elastic, revenue a. and price rise and fall together. b. rises as price falls. c. falls as price rises. d. remains constant as price rises or falls 26- Compared to the demand for coffee, the market demand for French Roast coffee is likely to be a. more elastic. b. more inelastic. c. perfectly elastic. d. perfectly inelastic. 39- In arriving at the quantity of output and price of its product, a company a. chooses either output or price, and customer demand determines the other. b. has no control over either quantity or price. c. makes two decisions by setting both optimal output and optimal price. d. generally leaves both quantity and price decisions to customer. 42- If stock exchanges did not exist, a. the risk to the investor of buying stocks would be much greater. b. the economy's resources could be more efficiently allocated among firms. c. there would be no organized way for firms to issue stock. d. investment banks would no longer play a role in handling stocks. 44. Bonds can be risky investments because a. bondholders are paid from whatever remains after stockholders have been paid what the corporation owes them. b. if the corporation loses its assets, the bondholders may not receive payment on their investments. c. the general price level may fall. d. the voting power of an individual bondholder may be more apparent than real. 46- Stockholders normally receive higher expected returns, compared to bondholders, since a. the government mandates higher payments to stockholders. b. stock prices go up and down while bond prices do not. c. profits may only be retained by the corporation and not paid out to stockholders. d. stockholders could be left with nothing if the corporation fails, and bondholders will receive interest payments even if the corporation suffers losses