Another term often used to refer to family wealth is:
A. Income
B. Net worth
C. Salary and wages
D. Spending
B. Net worth
Economics
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Deadweight loss is greatest when
a. both supply and demand are relatively inelastic b. both supply and demand are relatively elastic c. supply is elastic and demand is perfectly inelastic d. demand is elastic and supply is perfectly inelastic
Economics
What are the effects of a tariff on a good on various groups and on the total surplus in the country that imposes the tariff?
What will be an ideal response?
Economics