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The Average Quality of Labor Has Increased,partly Because the Demand

Question 8

Multiple Choice

The average quality of labor has increased,partly because the demand for education and health care are:


A) income elastic-rising national income generates more than proportional increases in spending on these items
B) income elastic-falling national income generates more than proportional increases in spending on these items
C) income inelastic-rising national income generates more than proportional increases in spending on these items
D) income inelastic-rising national income generates less than proportional increases in spending on these items

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