Scarcity has no importance to understanding economics
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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If the percentage change in quantity demanded is less than the percentage change in price, we would say that over this range, demand is:
A) elastic. B) unit elastic. C) inelastic. D) perfectly elastic.
Economics
The bulk of federal budget receipts come from ______
a. individual income taxes b. social insurance revenues c. corporation income taxes d. excise taxes
Economics
Unusually good weather that improves crop production and a major oil discovery are both examples of a beneficial supply shock
Indicate whether the statement is true or false
Economics
As of 2015, ________ of U.S. adults aged 25-29 had at least a bachelor's degree.
A. 8.2% B. 13% C. just over 50% D. 35.6%
Economics