One Guy's Pizza advertising expenditures are $1,200 and sales are $30,000. When the advertising expenditure increases to $1,400, pizza sales increase to $32,000. The arc advertising elasticity of demand is approximately ________

Which of the following statements is true of creative destruction?

A) Creative destruction is encouraged in economies with extractive institutions. B) Creative destruction is a phenomenon that was mostly prevalent before the year 1800. C) Creative destruction is generally bad for an economy. D) Creative destruction creates losses for some economic agents and benefits for others.

Which of the following groups of people is included in the labor force of a country?

A) Part-time paid workers B) Retirees C) Disabled workers who can no longer work D) Adults who are full-time students