For Necessities, Income Elasticity Is Any Value

question 19

Multiple Choice

For necessities, income elasticity is any value:

• A) greater than 0.
• B) greater than 1.
• C) less than 0.
• D) between 0 and 1.

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Definitions:

Equal Employment Opportunity Commission

A federal agency in the United States responsible for enforcing laws that prohibit discrimination in the workplace.

National Labor Relations Act

Also known as the Wagner Act, it's a fundamental law in the United States that protects the rights of employees to organize and to bargain collectively with their employers.

Fair Labor Standards Act

United States federal law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards.

National Labor Relations Act

A foundational United States labor law that protects the rights of employees to organize and to bargain collectively with their employers.