The budget deficit is defined as
A) T + (G + TR), and this is negative. B) T - (G + TR), and this is positive.
C) T - (G + TR), and this is negative. D) T + (G - TR), and this is negative.
C
Economics
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A relative price is the product of two money prices
Indicate whether the statement is true or false
Economics
Which of the following statements about demand and price elasticity of demand is TRUE?
A) As the demand curve has a positive slope, the price elasticity of demand is positive. B) As the demand curve has a negative slope, the price elasticity of demand is negative. C) As the demand curve has a positive slope, the price elasticity of demand is negative. D) As the demand curve has a negative slope, the price elasticity of demand is positive.
Economics