The key measure used to track economic growth is

What will be an ideal response?


real GDP per capita

Economics

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From 2002 to 2014, employment a. declined in health care and food services

b. declined in health care and increased in food services. c. declined in food services and increased in health care. d. increased in health care and food services.

Economics

Standard errors must always be positive.

Answer the following statement true (T) or false (F)

Economics

A monopoly produces X at a marginal cost of $80 per unit and charges a price of $100 per unit. Determine the elasticity of demand at the profit-maximizing price of $100.

A. ?0.2 B. ?0.8 C. ?5 D. There is insufficient information to determine the monopoly's price elasticity of demand.

Economics

Increasing marginal cost of production explains:

A. the law of demand. B. the income effect. C. why the supply curve is upsloping. D. why the demand curve is downsloping.

Economics