For a good such as a large screen HD television set, the income elasticity would likely be
A) negative.
B) equal to zero.
C) positive and less than one.
D) positive and greater than one.
E) undefined because large screen, HD TVs are bought by many consumers.
D
Economics
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In the table above, the unemployment rate is
A) 12 percent. B) 10 percent. C) 8 percent. D) 6 percent. E) 11 percent.
Economics
An individual in the labor force whose employment was involuntarily terminated is
A) a job leaver. B) a job loser. C) a job reentrant. D) part of the PPI.
Economics