Which of the following are the best examples of substitute goods?
a. personal computers and computer software programs
b. milk and cookies
c. Packard Bell and IBM personal computers
d. hot dogs and mustard
e. contact lenses and lens cleaning solutions
C
Economics
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In the long run, all firms in a perfectly competitive industry
A) earn economic profits. B) break even. C) suffer economic losses. D) sell differentiated products to earn economic profits.
Economics
Which of the following could be expected to shift the aggregate demand curve?
a. An increase in government spending. b. Consumption spending decreases. c. Net exports fall. d. All of these.
Economics