A straight-line demand curve along which the price elasticity of demand equals 0 is one that
A) forms a 45 degree angle with the vertical axis.
B) forms a 60 degree angle with the horizontal axis.
C) is vertical.
D) is horizontal.
C
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The largest component of aggregate expenditure in the United States is:
A. consumption. B. government purchases. C. exports. D. investment.
If a union successfully negotiates for higher wages and benefits for airline pilots, what impact would this have on supply and demand in the market for passenger airline travel, assuming no other changes take place in the market?
What will be an ideal response?
In 2014, over 75 percent of the revenue of the U.S. federal government was raised through
A) individual income and social insurance taxes. B) sales and corporate income taxes. C) property and social insurance taxes. D) individual income and property taxes.
Research shows programs like unemployment insurance, disability or health insurance, and job training can be effective in fighting:
A. both transient and chronic poverty. B. transient poverty, but not chronic poverty. C. chronic poverty, but not transient poverty. D. neither transient nor chronic poverty.