The demand for Olin skis is likely to be
a. less elastic than the demand for skis in general
b. more elastic than the demand for skis in general
c. unit elastic relative to the demand for skis in general
d. as elastic as the demand for skis in general
e. greater than the demand for skis in general
B
Economics
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An economy is in the midst of a recession. An example of a government policy aimed at moving the economy back to potential GDP is:
a) an increase in taxes. b) an increase in government spending on infrastructure improvements. c) an increase in the poverty tax. d) a decrease in unemployment benefits.
Economics
The marginal propensity to consume is always
A) equal to zero. B) less than one. C) equal to one. D) greater than one.
Economics