According to the text, Zambia faces decreasing living standards because

a. it is hoarding gold
b. the kwacka is rising in value relative to the dollar
c. it has a positive balance on its current account
d. it has taken steps to reduce its international debt
e. its debt service is relatively high

E

Economics

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The demand for ice cream is very elastic. This fact indicates that the demand for ice cream workers is

a. one b. inelastic c. elastic d. seasonal e. recession-proof

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Giffen goods violate the law of demand

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

Economics