The elasticity of variable G with respect to variable S is defined as:
A. the percentage change in variable G that results from a given change in variable S.
B. the percentage change in variable G that results from a given percentage change in variable S.
C. the change in variable G that results from a given change in variable S.
D. the change in variable G that results from a given percentage change in variable S.
Answer: B
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A. $35 B. $0 C. ($35 x P*) D. None of these is correct.
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a. the goods and services he can buy b. his donations to charity c. leaving an inheritance to his heirs d. the attention he gets from others e. his easy life of leisure
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A. no one is forced to join the union. B. an employer may hire only union members. C. all employees must join the union, usually within 30 days after they are hired.
Who issues U.S. paper currency?
(A) The Treasury Department (B) The district Federal Reserve Banks (C) The U.S. bank examiners (D) The U.S. Mint