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 209 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
Gracias!

steff9894

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
Elastic cartilage Ear Elastic cartilage Ear
Attention and memory are in demand during circle time. Attention and memory are in demand during circle time.
"Practice makes perfect" "Practice makes perfect"
The growth in demand for oil in China is driven by the growth in demand for personal transport The growth in demand for oil in China is driven by the growth in demand for personal transport
Elastic/inelastic #5 Elastic/inelastic #5
Video: Complement Proteins Animation

For a complete list of videos, visit our video library