Another term that could be used for elasticity is

a. sensitivity
b. utility
c. surplus
d. profit
e. slope

A

Economics

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Production by Honda, a Japanese firm, in the United States is included in ________ GDP and production by Nike Corporation, a U.S. firm, in Vietnam is included in ________ GDP

A) U.S.; U.S. B) Japanese; Vietnamese C) U.S. and Japanese; U.S. and Vietnamese D) Japanese; U.S. E) U.S.; Vietnamese

Economics

There is much debate about whether the U.S. government should eliminate the penny from circulation and instead round all prices to the nearest 5 cents for everyday cash transactions. Which function of money does a penny not serve well?

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Economics