The U.S. distribution system is
A. identical to that of the former Soviet Union.
B. based on a pure socialist economy.
C. determined by a modified version of one dollar, one vote.
D. similar to the fascist 1930's Germany.
C. determined by a modified version of one dollar, one vote.
Economics
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Suppose the price elasticity of demand for iPods is inelastic. What would you expect about the demand elasticity for workers producing iPods? Explain
What will be an ideal response?
Economics
Why is the LRATC curve flatter than SRATC?
a. Short-run costs fluctuate more than long-run costs.
b. There is less difference in output in the long run.
c. There are more returns to scale in the short run.
d. The firm can make more adjustments in the long run.
Economics