Since 1981, welfare rules have shifted the focus from work requirements to work incentives

If the quantity supplied and the price change by the same percentage, then supply is

A) elastic. B) inelastic. C) unit elastic. D) perfectly elastic. E) perfectly inelastic.

External debt refers to the portion of the national debt owned by private individuals and internal debt refers to that part owned by the public sector

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