Which of the following is added to personal income to get national income?

English common law is particularly effective because ________

A) it was derived from the Napoleonic codes of the period of industrialization B) it is the only system that provides protection for personal property rights C) it is able to evolve over time D) of the diverse character of the British Empire

If the demand faced by a firm is elastic, selling one less unit of output will:

a. increase revenue. b. decrease revenue. c. keep revenues constant. d. decrease price.