If the price elasticity of supply for a good becomes more elastic over time
A. quantity supplied becomes more sensitive to price.
B. quantity demanded is not sensitive to price.
C. quantity supplied becomes less sensitive to price.
D. quantity demanded is very sensitive to price.
A. quantity supplied becomes more sensitive to price.
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All of the following questions or statements regarding medical school are positive except:
A) How do changes in expected future incomes affect the decisions of medical students about which specialty to choose? B) What role does tuition play in a student's decision about whether to attend medical school? C) Have tuition increases had a large effect or a small effect on the number of applications to medical school? D) Medical students who enter specialized fields make a larger contribution to society than do student who enter primary care.
The Employment Act of 1946 directed the federal government to pursue the three objectives of maximizing employment, production, and purchasing power
a. True b. False