Something whose value does not change is a:
A) variable.
B) constant.
C) hypothesis.
D) all of the above.
Ans: B) constant.
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Which of the following would cause a change in imports?
a. A change in foreign income b. A change in foreign consumption c. A change in domestic tastes for foreign products d. A change in foreign tastes for domestic products e. A change in domestic investment spending
Cross elasticity of demand compares the change in the
a. price of one good that is generated by a change in the price of another good b. quantity demanded of one good that is generated by a change in the price of another good c. price of one good that is generated by a change in quantity demanded of another good d. quantity demanded of one good that is generated by a change in the supply of another good e. quantity demanded of one good that is generated by a change in quantity demanded of another good
Greater equality in income is supported by the argument that it
A. Increases incentives to work for low-income earners. B. Increases horizontal equity. C. Strengthens the link between effort and reward. D. Stimulates consumption.
Most employees ________ on the value of health insurance provided by employers, and most people ________ when buying individual health insurance policies
A) pay taxes; get a tax break B) pay taxes; do not get a tax break C) do not pay taxes; get a tax break D) do not pay taxes ; do not get a tax break