Which one of the following twentieth-century nations eliminated the problem of scarcity?
A) Socialist Cuba
B) Socialist China
C) Fascist Italy
D) The United States of America
E) None of the above.
E
Economics
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When the price of ice cream rises from $3 to $5 a scoop, the quantity of ice cream bought decreases by 10 percent. The price elasticity of demand for ice cream is _______
A. 5 B. 0.2 C. 50 D. 2.5
Economics
According to Scenario 4-1, country C has net exports of:
a. zero. b. $13 million. c. $6 million. d. ?$13 million. e. ?$6 million.
Economics