Examlex

Solved

The America's Promise Alliance,founded in 1997,focuses on Five Promises

question 36

Multiple Choice

The America's Promise Alliance,founded in 1997,focuses on five promises.Which of the following is not one of those promises?


Definitions:

Supply Elasticities

Measures of how responsive the quantity supplied of a good is to a change in its price.

Long-Run Equilibrium

A state in which all factors of production and outputs are adjustable, and all economic processes are fully adapted to any changes.

Competitive Supply

The total quantity of a good or service that is available to consumers, determined by the sum of all individual suppliers’ quantities at each price level in a competitive market.

Elasticity of Supply

An evaluation of the extent to which the amount of a good provided alters as a result of variations in its price.

Related Questions