The supply curve for land in New York City is most likely
A) horizontal or perfectly elastic.
B) a downward sloping straight line.
C) an upward sloping straight line.
D) vertical or perfectly inelastic.
D
Economics
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In which of the following forms of regional trading agreement are rules of origin required?
a. a free-trade area b. a customs union c. a common market d. an economic union
Economics
Suppose the typical consumer only purchases food and clothing, and her utility can be expressed as U=F*C. Currently, food costs $5 per unit and clothing costs $2 per unit. Her income is $70. If the price of food increases to $6, compare the resulting Laspeyres price index with a true cost of living index
What will be an ideal response?
Economics