A supply curve that is parallel to the price axis is
A. unitary elastic.
B. perfectly elastic.
C. perfectly inelastic.
D. relatively inelastic.
Answer: C
Economics
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The dollar value of final output
A) is equal to total income. B) is less than total income. C) equals profits. D) is greater than total income.
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Based on the above table, the labor force participation rate is
A) 71.4 percent. B) 82 percent. C) 53.6 percent. D) 75 percent. E) 64.3 percent.
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Refer to Table 21-2. Using the table above, what is the approximate growth rate of real GDP from 2014 to 2015?
A) 1% B) 2% C) 3% D) 4%
Economics
Education and training programs are most effective when the need for them is greatest
Indicate whether the statement is true or false
Economics