Income elasticity measures how a good's quantity demanded responds to
A) producers' incomes. B) change in buyers' incomes.
C) change in the price of another good. D) change in the goods price.
B
Economics
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How many people are employed if the labor force participation rate is 60%, there are 3 million people unemployed, and there are 30 million people not in the labor force?
A) 54 million B) 48 million C) 42 million D) 30 million
Economics
The best practices frontier is similar in construction and meaning to the
A) the cost frontier. B) the absolute advantage frontier. C) production possibilities frontier. D) the supply and demand diagram.
Economics