When agricultural production increases, the total amount paid for agricultural products tends to
a. increase because demand is price elastic
b. decrease because demand is price elastic
c. increase because demand is price inelastic
d. decrease because demand is price inelastic
e. remain constant because demand is price inelastic
D
Economics
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In the 2000s, low savings rates are attributed to
A) rapid economic growth. B) stock market boom. C) declining interest rates and increased refinancing of the mortgages. D) inefficient monetary policy.
Economics
If a country devotes its resources to acquiring more physical capital it will:
A. not have less overall GDP in the future. B. have more current consumption. C. not face the investment trade-off. D. have more GDP per capita in the future.
Economics