The Sensitivity of One Economic Variable to Changes in Another

question 31

Multiple Choice

The sensitivity of one economic variable to changes in another variable is known as

• A)the variability coefficient
• B)elasticity
• C)the sensitivity coefficient
• D)the cross-variability coefficient
• E)the law of demand

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Definitions:

Immigration

The action of people coming to live permanently in a foreign country, contributing to the cultural, economic, and social fabric of the society.

Ngo Dinh Diem

A South Vietnamese politician who served as the President of South Vietnam from 1955 until his assassination in 1963.

Virtual Dictatorship

A form of government in which power is effectively concentrated in the hands of an individual or a small group, without the formal title of dictator, often lacking checks and balances or democratic processes.

Strictly Constitutional

Adhering rigidly to the Constitution, often implying a conservative or literal interpretation of this foundational document.