If a graph shows a negative relationship between two variables which then becomes a positive relationship, this curve would
A) always be an upward-sloping line.
B) have a minimum point.
C) have a maximum point.
D) always be a downward-sloping line.
B
Economics
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A consumer consumes two normal goods, popcorn and Pepsi. The price of Pepsi rises. The substitution effect, by itself, suggests that the consumer will consume
a. more popcorn and more Pepsi. b. less popcorn and less Pepsi. c. more popcorn and less Pepsi. d. less popcorn and more Pepsi.
Economics
Import substitution is the process of developing local industries to manufacture goods to
A. import. B. export. C. replace exports. D. replace imports.
Economics