Country A experienced a growth rate of real GDP per person of 0.5 percent per year throughout the 1900's. In view of other countries' experiences, country A's growth was
a. exceptionally high.
b. moderately high.
c. moderately low.
d. exceptionally low.
d
Economics
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The price elasticity of ______ measures how responsive the quantity sellers are willing and able to sell is to changes in price.
a. income b. supply c. equilibrium d. demand
Economics
Exhibit 3 Demand and cost curves for GeneTech, a monopolist with a patented vaccine
In Exhibit 9-3, how much vaccine should GeneTech produce to maximize its profit?
A. 300 doses per hour. B. 400 doses per hour. C. Between 400 and 500 doses per hour. D. 500 doses per hour.
Economics