Economists use the percentage change in quantity rather than the absolute change in quantity because:
A. the measured elasticity is the same regardless of the unit of measurement for quantity.
B. absolute changes are confusing to convert.
C. absolute changes often result in negative numbers.
D. percentage changes are easier to calculate than absolute changes.
Answer: A
Economics
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A) Not if people agree to share them equitably B) Not if there is enough for everyone to have what they need C) Not if their prices are free to rise D) Not if they are privately owned E) Yes
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Explain the typical relationship between the interest rates paid on bonds and loans and the riskiness, liquidity, and term to maturity of the bonds and loans
What will be an ideal response?
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