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

Author Question: The demand for wheat from farm A is perfectly elastic because wheat from farm A is A) a perfect ... (Read 194 times)

dbose

  • Hero Member
  • *****
  • Posts: 597
on: Jun 29, 2018
The demand for wheat from farm A is perfectly elastic because wheat from farm A is
 
  A) a perfect complement for wheat from farm B.
  B) a normal good.
  C) a perfect substitute for wheat from farm B.
  D) an inferior good.

Question 2

Explain how underground economic activity affects measurement of GDP.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

macagn

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

The underground economy is transactions hidden from the government, either because they are illegal or to avoid taxes. Because the underground economy is hidden from the government, it is not included in GDP and so GDP is smaller than it otherwise would be.


dbose

  • Member
  • Posts: 597
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

Alyson.hiatt@yahoo.com

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Elastic fibres are made of elastin, one type of structural protein found in the ECM of animal cells Elastic fibres are made of elastin, one type of structural protein found in the ECM of animal cells
A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ... A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ...
Perfect logistic curves Perfect logistic curves
From Wheat Kernel to Flour From Wheat Kernel to Flour
Wheat Plant Wheat Plant
A three-gene additive model for wheat kernel color A three-gene additive model for wheat kernel color
Video: Enzyme-Catalyzed Reactions

For a complete list of videos, visit our video library