A guarded barbed wire fence separates East and West Bovinia. Soccer players are paid twice as much in West Bovinia as in East Bovinia. This is an example of

The outcome of the Civil War in the United States was that:

a. the Confederates were allowed to keep their currency. b. the value of the Confederate dollar increased at the end of the war. c. the Confederate dollar became worthless. d. the North's currency declined in value.

Generally, expenses on a sport utility vehicle are a large part of a consumer's budget, so the demand for sport utility vehicles is more likely to be

A) elastic. B) inelastic. C) unit elastic. D) perfectly elastic.