Engel's Law, relating to the demand for food,
a. states that food demand is inelastic
b. holds more strongly in developed countries
c. indicates why the food sector experiences more than proportionate increases in quantities demanded as incomes rise
d. shows why food demand expands as citizen education improves
e. was only relevant when established in the 1800s
B
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The main component of the monetary union created by the Treaty of Maastricht is a(n)
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