If wheat can be produced at a constant opportunity cost, then the supply of wheat is
A) elastic.
B) inelastic.
C) unit elastic.
D) perfectly inelastic.
E) perfectly elastic.
E
Economics
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Changes in domestic and foreign income result in:
A) movements along the demand and supply curves of the foreign exchange market. B) shifts in the demand and supply curves of the foreign exchange market. C) all of the above. D) none of the above.
Economics
The deregulation of oil pricing will
a. increase our dependence on foreign oil. b. make the United States energy-independent by the year 2000. c. decrease domestic production. d. decrease the extent of the nation's dependence on foreign oil.
Economics