An elasticity of 2 would be considered
A. elastic.
B. inelastic.
C. unit elastic.
D. undefined.
A. elastic.
Economics
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Explain the concept, goals, and methods of integrated rural development
What will be an ideal response?
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Assume perfect capital mobility. Under a fixed exchange rate system, expansionary fiscal policy causes the value of the dollar to _____, while expansionary monetary policy causes the value of the dollar to _____
a. rise; rise b. fall; fall c. fall; rise d. rise; fall
Economics
Which of the following cannot be classified as a market structure?
a. Oligopoly b. Monopolistic Competition c. Mergers d. Perfect Competition
Economics
Economists believe that most people's actions are rational and purposeful, not random and chaotic
a. True b. False Indicate whether the statement is true or false
Economics