Examlex
Which of the following statements about parties in Congress is FALSE?
Farm Share
The portion of the final retail price of agricultural products that goes back to the farmers.
U.S. GDP
U.S. Gross Domestic Product reflects the total monetary or market value of all the finished goods and services produced within the United States' borders in a specific time period.
Income Inelastic
A characteristic of a good whose demand does not significantly change as the income of consumers changes.
Price Inelastic
Describes a situation in which the demand for a good or service is relatively unresponsive to changes in price.
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