The demand for necessities generally is ________ the demand for luxury goods

A) as elastic as
B) more elastic than
C) less elastic than
D) flatter than
E) not comparable to

C

Economics

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The table above shows four methods for producing 10 computer desks a day. If the cost of a worker is $100 a day and the cost of capital is $100 a day, the method that is economically efficient is ________

A) C B) B C) B, C, or D D) A

Economics

Crude oil is not an example of a factor of production, but when crude oil is processed into gasoline, it is a factor of production

Indicate whether the statement is true or false

Economics