The longer the time period considered, the more the elasticity of supply tends to _______.

If the official gold value of the Australian dollar changes from 470 Australian dollars per ounce to 493 Australian dollars per ounce, we can say that the Australian dollar has appreciated in value

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

Which of the following is not an example of a transfer payment?

A) unemployment insurance payments B) health insurance payments to an army private C) social security payments to retirees D) social security payments to disabled persons