« previous next »

Author Question: Which of the following goods would be most likely to feature an income elasticity of zero? a. ... (Read 52 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?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Enzymatic feature of DNA polymerase Enzymatic feature of DNA polymerase
Race-Ethnicity and Income Extremes Race-Ethnicity and Income Extremes
Income Inequality in the United States: 1947–2009 Income Inequality in the United States: 1947–2009
Effect of an Exogenous Shift in Income Effect of an Exogenous Shift in Income
Infant mortality by income quintile, urban Canada, 1996 Infant mortality by income quintile, urban Canada, 1996
Philip wants to supplement his pension by $415 per month with income from his investments. His ... Philip wants to supplement his pension by $415 per month with income from his investments. His ...
Video: Major Elements in Biological Molecules: Carbohydrates

For a complete list of videos, visit our video library