The price elasticity of demand along a linear demand curve is
A) more elastic at higher prices than at low prices.
B) infinite.
C) one.
D) constant.
Answer: A
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What will be an ideal response?
The new growth theory of economic growth examines the interaction of
A) regulations and capital expansion. B) technology, research, and innovation. C) resources and labor productivity. D) labor and population.
One problem with rent controls is that policy makers often ignore its secondary effects
a. True b. False
An official agreement with another country in which it agrees to import more from the United States is
A. a regional trade bloc. B. the quota system. C. a voluntary restraint agreement. D. a voluntary import expansion.