An elasticity of 2 would be considered

A. elastic.
B. inelastic.
C. unit elastic.
D. undefined.

A. elastic.

Economics

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Mexico City is notorious for its excessive pollution. Mexico's measure of GDP is

A) increased by the estimated value of the pollution's harm. B) not affected by the estimated value of the pollution's harm. C) changed by the pollution only when comparing its GDP with the U.S. GDP. D) decreased by the estimated value of the pollution's harm. E) None of the above answers is correct.

Economics

The study of how people behave strategically under different circumstances is called:

A. game theory. B. game strategy. C. strategy optimization. D. strategy theory.

Economics