The producer price index tracks the prices firms receive for goods and services at all stages of production
Indicate whether the statement is true or false
TRUE
Economics
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The statement that "water is a necessity" is misleading because
A) it does not distinguish fresh water from salt water. B) it fails to specify for whom water is a necessity. C) it incorrectly assumes people use water only or primarily for drinking. D) water is a necessity only in desert environments. E) water is extremely abundant.
Economics
Exhibit 5-1 Demand curve
?
In Exhibit 5-1, between points b and c, the price elasticity of demand measures
A. 0.425. B. 1.571. C. 0.143 D. 0.636.
Economics