Economic growth A) creates unemployment. B) has no ...

[dejastew]

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.

[IAPPLET]

Answer to Question 1

C

Answer to Question 2

D

[dejastew]

Thank you

[IAPPLET]

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