Which of the following is NOT given in the video as an example of a real shock?

A. high inflation
B. bad weather
C. wars
D. changes in the price of oil

Ans: A. high inflation

Economics

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One target of the UN Millennium Development Goals that has successfully been reached involved cutting in half the number of people who lack access to

a. public education. b. information technology. c. international trade. d. safe drinking water.

Economics

When there are few substitutes available for a good, demand tends to be relatively inelastic

Indicate whether the statement is true or false

Economics