The figure illustrates Anne's demand for books. At ________ a book, Anne's demand for books is inelastic

Race to the bottom refers to which of the following?

A) Firms have an incentive to relocate to countries with lower standards. B) Countries have an incentive to conform to the standards of the lowest income country. C) Countries will compete with each other to offer incentives to firms. D) Firms will underpay workers in low income countries.

An indifference map shows

A) that money income is constant, but product prices may change. B) that utility is at a maximum at the origin. C) that curves closer to the origin represent higher levels of utility. D) that curves further from the origin represent higher levels of utility.