If the supply curve for a product is horizontal, then the elasticity of supply is:
a. equal to zero

b. equal to one.
c. greater than one but less than infinity.
d. equal to infinity.


d

Economics

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If net interest and net transfers are $0, and a nation's purchases of foreign goods and services are $3.5 billion while its sales of goods and services to foreigners are $4.5 billion

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Economics

The median-voter theorem explains why

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Economics

In the long run, increases in output per person arise primarily from:

A. increases in female labor force participation. B. increases in average labor productivity. C. an increasing proportion of the population retiring D. increases in male labor force participation.

Economics