Which of the following is NOT an important factor affecting economic growth?
A) the rate of growth of capital B) the rate of saving
C) the rate of growth in labor productivity D) the growth of leisure
D
Economics
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A product is likely to have a price elasticity of demand that exceeds 1 when
A) its price falls. B) the percentage of income spent on it decreases. C) it is a necessity. D) it has close substitutes.
Economics
If exports and imports both rose, but exports rose more than imports, a. AD would decrease
b. AD would increase. c. AD would be unaffected. d. AD could either increase or decrease.
Economics