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Author Question: Economic growth A) creates unemployment. B) has no opportunity cost. C) shifts the PPF outward. ... (Read 70 times)

dejastew

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on: Jun 29, 2018
Economic growth
 
  A) creates unemployment.
  B) has no opportunity cost.
  C) shifts the PPF outward.
  D) makes it more difficult for a nation to produce on its PPF.

Question 2

The income elasticity of demand is defined as the percentage change in
 
  A) the quantity demanded resulting from a given percentage change in price.
  B) income divided by the percentage change in quantity demanded.
  C) the movement along the demand curve resulting from a change in income.
  D) the quantity demanded divided by the percentage change in income.


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IAPPLET

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


dejastew

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Reply #2 on: Jun 29, 2018
Thank you :)


IAPPLET

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Reply #3 on: Jun 29, 2018
Happy to help you


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