The income elasticity of demand for all goods taken together must be

In addition to China's recent growth, the economic crisis in the U.S. and Europe beginning in 2008 further undermined the influence of

a. transnational advocacy networks. b. the Washington consensus. c. the poverty line. d. late, late developers.

The supply of antiques is highly inelastic so increases in demand have a large effect on increases in price.

Answer the following statement true (T) or false (F)