In the determination of economic growth, political freedom
A) is equally as important as economic freedom.
B) contributes little to job growth.
C) appears to be less important than economic freedom.
D) is more important than economic freedom.
C
Economics
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In the above figure, if the price is $16, a profit-maximizing perfectly competitive firm will
A) produce 50 units. B) produce 35 units. C) produce 10 units. D) choose not to produce.
Economics
If the elasticity for computers at the current price is at 6.4, what would happen to total revenues if a computer manufacturer doubled its price?
(A) They would go up slightly. (B) They would double. (C) They would remain the same. (D) They would go down drastically.
Economics