Recall the Application about the demand and price for margarine to answer the following question(s).Recall the Application. Between 2000 and 2009, total U.S. consumption of margarine ________ and the price, in real terms, ________.
A. doubled; doubled
B. decreased by roughly half; decreased by roughly half
C. decreased by roughly half; stayed roughly the same
D. doubled; stayed roughly the same
Answer: C
Economics
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In the economy of Talikastan in 2015, consumption was $600, exports were $300, GDP was $1300, government purchases were $250, and investment was $300 . What were Talikastan's imports in 2015?
a. -$150 b. -$200 c. $200 d. $150
Economics
If two goods are complements:
A. they are consumed independently. B. an increase in the price of one will increase the demand for the other. C. a decrease in the price of one will increase the demand for the other. D. they are necessarily inferior goods.
Economics