This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Economic growth A) creates unemployment. B) has no opportunity cost. C) shifts the PPF outward. ... (Read 129 times)

dejastew

  • Hero Member
  • *****
  • Posts: 562
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

IAPPLET

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


dejastew

  • Hero Member
  • *****
  • Posts: 562
Reply #2 on: Jun 29, 2018
Thank you :)


IAPPLET

  • Sr. Member
  • ****
  • Posts: 333
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Physiological and pharmacologic effects of growth hormone. Physiological and pharmacologic effects of growth hormone.
How to solve an exponential growth problem involving bacterial growth (Question 2) How to solve an exponential growth problem involving bacterial growth (Question 2)
Population Growth Population Growth
economic question economic question
economic question economic question
economic question economic question
Video: Structure of a Ribosome

For a complete list of videos, visit our video library