Which of the following countries is part of the ERM but NOT part of the Eurozone?

Refer to Table 6-3. Over what range of prices is the demand elastic?

A) between $8 and $16 B) between $14 and $16 C) over the entire range of prices D) between $2 and $8

Taxes constitute the difference between GDP and disposable income

a. True b. False Indicate whether the statement is true or false