Which of the following is an example of a good with a highly elastic supply curve?

a. luxury goods
b. tropical vacations
c. pizza
d. sports vehicles


c. pizza

Pizza is an example of a good with a highly elastic supply curve.

Economics

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Collectivization costs involve ensuring that all parties live up to promises made during bargaining

Indicate whether the statement is true or false

Economics

Compared to a sales tax, a value-added tax is _____

a. easier to calculate b. harder to collect c. easier to apply to investment goods d. easier to monitor

Economics

What are the factors that can cause a shift in the production possibilities curve?

Economics

How often does the FOMC meet?

a. once a week b. once a month c. two times per year d. eight times per year

Economics