The sum of past federal budget deficits is the:

The wage paid to labor should increase when:

a. the capital/labor ratio increases. b. the capital/labor ratio decreases. c. a country's labor force increases. d. a country's capital stock decreases.

Refer to Table 6-4. Which of the following statements is correct?

A) The publisher's analysis is correct only if the demand is elastic. B) The publisher's analysis is correct only if the demand is perfectly inelastic. C) The publisher's analysis is correct only if the demand is unit elastic. D) The publisher's analysis is correct only if the demand is perfectly elastic.