Which of the following statements is true about the income elasticity of demand?
A) The income elasticity of demand for normal goods is always zero.
B) The income elasticity of demand for inferior goods is always zero.
C) The income elasticity of demand for normal goods is always positive.
D) The income elasticity of demand for inferior goods is always positive.
C
Economics
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Jessica paid $2,300 for a bond with a face value of $2,000. She will be paid $300 annually as long as she holds on to the bond, until the bond's maturity date. The coupon rate of the bond is
A) 15.0 percent. B) 7.5 percent. C) 13.0 percent. D) 80.0 percent.
Economics
Externalities are direct benefits or costs accruing to individuals or groups of individuals who were not participants in the activity.
Answer the following statement true (T) or false (F)
Economics