Compared to a direct cash transfer payment of an identical amount, food stamps make individuals who desire less food than the value of the food stamps _____
a. better off
b. worse off
c. indifferent between food and all other goods
d. prefer food too all other goods on the margin
b
Economics
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If gasoline prices rise by 20% and quantity demanded falls by 5%., then the price elasticity of demand is:
A) .05. B) .15. C) .20. D) .25. E) .40.
Economics
Inflation is generally the result of total spending growing faster than total production
Indicate whether the statement is true or false
Economics