All of the following observations concerning the elasticity formula are true except
a. the changes with which it deals is measured as a percentage change.
b. each of the percentage changes is calculated in terms of the average values.
c. the calculation considers both positive and negative signs.
d. each percentage change is taken as an "absolute value."
c
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What factors could explain why wage inequality in the United States has been increasing over the last several decades?
What will be an ideal response?
The demand for loanable funds is determined by the willingness of ________ to borrow money to engage in new investment projects
A) households B) banks C) government D) firms
In the Solow growth model, countries with identical total factor productivities, identical labor force growth rates, and identical savings rates
A) always have identical levels of capital per worker and output per worker. B) in equilibrium, have identical levels of capital per worker and output per worker. C) in equilibrium, have identical levels of capital per worker but not necessarily identical levels of output per worker. D) in equilibrium, have identical levels of output per worker but not necessarily identical levels of capital per worker.
A. monitor and enforce trade agreements, while also promoting free trade.
A. safety policies. B. labor standards. C. environmental regulations. D. All of these are true.