The data in the table above are the U.S. balance of payments. The current account balance is

Explain why there is nothing predetermined about the relationship between time and progress in technology that would make Moore's Law into an actual law

What will be an ideal response?

If the price elasticity of demand is elastic, then:

A. Ed < 1. B. consumers are relatively not very responsive to a price increase. C. an increase in the price will increase total revenue. D. there are likely a large number of substitute products available.