Answer:
The answer is Letter C
Explanation:
Water World can recover the loss of profit from the delayed opening.
Answer:
A. Gained value compared to the Italian lira because inflation was higher in Italy.
Explanation:
It becomes more compelling as it increases over time. Basically, when you owe money and die, your children have to pay it back. Then they accumulate their own debt so their children have to pay it then. This goes on for years and years and you end up with a huge national debt that the generations can't pay back and everyone keeps working for money that they don't have.
When an economist says that "Kevin's income elasticity of red wine is 6" he means that if Kevin's income increases by 10%, the quantity of red wine demanded by Kevin rises by 60%. So, red wine is income elastic. Since the income elasticity is greater than 1, red wine is a luxury good for Kevin.
Income elasticity measures the change in the quantity of goods demanded relative to a change in income.
If an increase in income results in a decrease in the quantity of goods demanded, then that good is an inferior or cheap good. The income elasticity of a cheap good is negative.
If the demand for a good rises with an increase in income, then that good is a normal good. The income elasticity of normal goods is greater than zero.
If an increase in income results in a greater increase in the quantity of goods demanded, then that good is a luxury good. The income elasticity of a luxury good is greater than 1.
