Economic models are often expressed in
A. equations.
B. words.
C. graphs.
D. physical objects.
Answer: C
Economics
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In the figure above, at the point where the price is $50 per bunch, the price elasticity of supply is
A) 2.14. B) 0.47. C) 1. D) 3. E) 0.33.
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How does the elasticity of demand influence the incidence of a tax, the tax revenue, and the deadweight loss?
What will be an ideal response?
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Does increasing reliance on student loans distort students' career choices?
What will be an ideal response?
Economics
If trade causes some workers to be laid off, most economists conclude:
a. that all other workers will be better off because their wages will rise. b. that we should not allow imports to take U.S. jobs. c. that we should expect wages to fall. d. that none of these answers is true.
Economics