Different measurements of elasticity include:
A. cross-price elasticity of demand, income elasticity of supply.
B. preference elasticity of demand, cross-price elasticity of supply.
C. price elasticity of demand, price elasticity of supply.
D. income elasticity of demand, income elasticity of supply.
Answer: C
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A correlation between two variables implies that:
A) there is a cause-effect relationship between the two variables. B) it is impossible to measure one variable without measuring the other. C) there is a mutual relationship between both the variables. D) when one variable changes, the other variable always changes by exactly the same amount.
Deposit insurance has not worked well in countries with
A) a weak institutional environment. B) strong supervision and regulation. C) a tradition of the rule of law. D) few opportunities for corruption.