In 1960, national defense comprised about _____ of federal government expenditures.
a. one quarter
b. one-third
c. one half
d. two-thirds
Question 2
The number of vehicle types available in the United States has increased dramatically over the past thirty years. Everything else equal, this would make
A) the demand for individual vehicle types to become less elastic.
B) the demand for individual vehicle types to become more elastic.
C) the demand for all vehicle types to become unitary elastic.
D) the demand for low quality vehicle types to become less elastic.