In the product market

A) businesses trade goods and services for resources.
B) consumers trade monetary payments for goods and services.
C) consumers trade goods and services for resources.
D) consumers trade resources for goods and services.

B

Economics

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The price elasticity of demand for oranges ________ change if the units of the quantity was changed from pounds to kilograms and ________ change if the units of the price was changed from dollars to cents

A) would; would B) would; would not C) would not; would D) would not; would not

Economics

In the United States, all families pay the same proportion of their income in taxes

a. True b. False Indicate whether the statement is true or false

Economics