Checks ________ money and credit cards ________ money

The _____ tend to have a smaller public sector relative to the total economy

a. socialist economies b. centrally planned economies c. autocratic economies d. market economies e. mercantilist economies

Heath's income elasticity of demand for concerts is 2 . All else equal, this means that if his income increases by 10 percent, he will purchase tickets for

a. 2 percent more concerts. b. 5 percent more concerts. c. 10 percent more concerts. d. 20 percent more concerts.