The economies of most less-developed countries (LDCs) are based on:

When hamburger is $3 per pound, Ms. Rush buys 6 pounds. When hamburger is $2 per pound, Ms. Rush buys 10 pounds. Describe Ms. Rush's demand between these two prices

A) elastic B) unit elastic C) inelastic D) perfectly inelastic E) perfectly elastic

Which of the following best explains a government's motive for reducing the value of its currency?

A. Increase the trade balance and prevent the price level from falling further. B. Decrease the trade balance and prevent the price level from falling further. C. Increase the trade balance and prevent the price level from rising further. D. Decrease the trade balance and prevent the price level from rising further.