As the period for firms to expand output is lengthened, the elasticity of the market supply curve will:
a. approach zero.
b. increase.
c. decrease.
d. remain the same since time does not affect the elasticity of market supply.
b
Economics
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Which of the following is not a rationing mechanism used by landlords in cities with rent control?
a. waiting lists b. race c. price d. bribes
Economics
Which of the following is a reason why government debt is different from individual debt?
A. Government debt can be owed to foreigners, unlike the debt of individuals. B. Government cannot create money to finance its debt. C. Government has fewer sources of income to finance its debt than individuals. D. Government is ongoing, individuals are not.
Economics