If a decrease in income leads to a decrease in the demand for ice cream, then ice cream is
A) a complement. B) a necessity. C) a normal good. D) a neutral good.
C
Economics
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The IS curve becomes steeper when there is
a. a higher marginal propensity to save. b. a smaller parameter measuring the interest sensitivity of investment. c. a lower marginal propensity to save. d. Both a and b e. Both b and c
Economics
Laws that assign owners the rights to use assets as they see fit are called
a. human rights. b. economic rights. c. property rights. d. government rights.
Economics