If a factor of production has many close substitutes, we would expect that its price elasticity of demand would be:

The highest unemployment rate recorded since World War II came in ________

A) September 1929 B) January 1961 C) December 1982 D) October 2009

Saving is

a. helpful for production but not necessary b. not useful for production because they imply a decrease in consumption c. required for production d. not useful for production because it is not a resource e. not useful for production because savers must be paid interest