The demand for a good with many substitutes is:
a. relatively elastic

In response to a negative income tax, the substitution of leisure for income could be great enough to reduce total income

a. True b. False

Post-Revolutionary trade data show that after 1790:

a. U.S. trade with non-British areas of the Caribbean increased. b. the export of food to the West Indies increased. c. trade in the southern U.S. did not keep pace with population growth. d. the U.S. exported tobacco to France and the Netherlands. e. All of the above.