Which of the following goods would be most likely to feature an income elasticity of zero?
a. tickets to a championship football game
b. insulin
c. orange juice
d. cigarettes
Question 2
Which of the following is true?
a. Velocity is not constant over time.
b. The best way to study economic activity is to start with the equation and then integrate the money supply and the volume of international trade.
c. Control over the money supply implies that the Fed has precise control over real GDP.
d. All of the above are true.
How the Return to Education Affects the Distribution of Income
Relationship between Income Inequality and Sociopolitical Instability
Relationship between Latitude and Income per Capita
The Parade of World Income
Draw an Edgeworth box for two consumers over two goods
Philip wants to supplement his pension by $415 per month with income from his investments. His ...