Which good most likely has the lowest elasticity of demand?

A) Macintosh computers
B) Toothpicks
C) Chemotherapy treatment
D) Sirloin steaks
E) VCR players

B

Economics

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The aggregate supply curve will shift to the right when the:

a. amount of labor in the society decreases. b. capital stock of the society shrinks. c. amount of natural resources in the society gets smaller. d. amount of labor in the society increases. e. price level in the economy rises.

Economics

In any one year, the Social Security taxes collected by the government must necessarily equal the Social Security payments that the government makes

Indicate whether the statement is true or false

Economics