Traders and those involved in mercantile pursuits were accorded high status in all civilizations
a. True
b. False
Indicate whether the statement is true or false
False
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Refer to the table below. If the price of your good is $8, the price of the related good is $5, and the average income of consumers is $25,000, what is the point elasticity of demand?
The demand for your product demands on three factors; the price of your good, the price of a related good, and the average income of your customers. Excel estimated the above linear demand for your product.
A) 0.01
B) 0.26
C) 1.25
D) 0.75
The poorest one-fifth of the U.S. population
a. owns about 2 percent of the total wealth. b. has negative net worth. c. is the only group that has increased the amount of their wealth. d. is continually increasing in size.
Which type of population is more likely to increase the spread of an infectious disease?
A) ?A small and scattered population B) ?People in a highly developed society C) ?A relatively large, dense, and permanent settlement. D) ?A technologically advanced population
When nations continue to exert political and economic pressure on their former colonies, it is called post-colonialism
a. True b. False