If the percentage change in quantity demanded is less than the percentage change in price, we would say that over this range, demand is:

Nations that borrow from abroad to support current investment will

A) always sacrifice future consumption. B) sacrifice future consumption only if the investments are profitable. C) always be better off in the future. D) be better off in the future if the investments are profitable.

The theory of economic growth divides the causes of growth into

A) elements affecting the output ratio and factors affecting population growth. B) elements affecting the output ratio and factors affecting inflation. C) elements affecting the amount of factor inputs available and the productivity of those inputs. D) None of the above.