« previous next »

Author Question: Which of the following goods would be most likely to feature an income elasticity of zero? a. ... (Read 21 times)

TVarnum

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
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.


Dnite

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Ten Leading Causes of Death in Low-Income Countries, 2008 Ten Leading Causes of Death in Low-Income Countries, 2008
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Household Income in the United States by Quintiles, 2009 Household Income in the United States by Quintiles, 2009
Income Distribution in the United States, 2009 Income Distribution in the United States, 2009
Determination of Income Inequality Determination of Income Inequality
Effect of an Exogenous Shift in Income Effect of an Exogenous Shift in Income
Video: Secondary Active Transport

For a complete list of videos, visit our video library