If the elasticity measure equals 0.6, then the demand is
A) elastic.
B) unit elastic.
C) inelastic.
D) infinitely elastic.
C
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What will be an ideal response?
Federal taxes increased in 1932, 1935 and 1937, and Social Security taxes were imposed in 1937 . Which group is credited for these tax increases during the Great Depression?
(a) Classical economists (b) Keynesian economists (c) Monetarists (d) Government officials and special interest groups
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A major goal of the World Trade Organization is to:
Increase the protection of producers against foreign trade competition Encourage bilateral trade agreements between nations reduce trade barriers and expand international trade among nations Maximize tariff revenue for governments