Suppose the price of good X falls and the consumption of good X increases. From this we can infer that X is a(n) (i) normal good. (ii) inferior good. (iii) Giffen good

a. (i) only
b. (i) or (ii) only
c. (iii) only
d. (ii) or (iii) only

Economics

Income inequality is greatest in which of these four? countries?

A. Britain B. France C. United States D. Japan

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Economics

the government may reduce government spending or increase taxes in order to eliminate

What will be an ideal response?

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Economics