Discrimination has no impact on the total output of goods and services

Indicate whether the statement is true or false

F

Economics

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The economic way of thinking should be thought of as

A) a hypothesis. B) a parable. C) a set of conclusions. D) an approach. E) a statistical procedure.

Economics

Paul's monthly income decreased from $2,500 to $2,300. As a result, he decreased the number of DVDs he rents per month from 5 to 4. Paul's demand for DVD rentals is

A) price elastic. B) price inelastic. C) income elastic. D) income inelastic.

Economics