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 69 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?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Economic and Social Development Economic and Social Development
Relationship Between Income per Capita and Population Growth Relationship Between Income per Capita and Population Growth
Economic Analysis of Social Issues Plus MyEconLab Economic Analysis of Social Issues Plus MyEconLab
economic economic
economic question economic question
economic question economic question
Video: Inflammation

For a complete list of videos, visit our video library