The manager of a gas station noticed that when prices in the convenience store of the gas station decreased, gas sales increased. This could possibly be because the convenience store products are
a. usually complements to the gas sales
b. usually substitutes to the gas sales
c. usually unrelated to the gas sales
d. none of the above
a
Economics
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For a given real exchange rate, a nominal appreciation of the domestic currency will result from
A) a decline in the terms of trade. B) an increase in the price of the foreign good. C) an increase in the price of the domestic good. D) an increase in the domestic rate of inflation.
Economics
If Switzerland chooses to engage in trade, it
a. will only benefit if it trades with countries that produce goods Switzerland cannot produce. b. cannot benefit if it trades with less developed countries. c. should first attempt to produce the good itself. d. can benefit by trading with any other country.
Economics