When the price of holiday lights increases 4 percent, the quantity supplied increases 3 percent. This example would have a(n) ______ supply curve.

Which of the following ideas apply to the neoclassical growth theory?

I. The rate of technological change influences the rate of economic growth. II. Technological change promotes saving and investment. III. Convergence of economic growth rates across countries A) I only B) III only C) I and II D) I, II and III

For a tax to be successful, the tax base must be ¬¬¬_____

a. easy to measure and monitor b. large c. inelastic d. able to expand in times of crisis