Even if two products have different characteristics, such as color, the products are only considered heterogeneous if consumers
A) consider the two products as perfect complements.
B) consider the two products as perfect substitutes.
C) consider the two products as imperfect substitutes.
D) consider the two products as imperfect complements.
C
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A jar has 20 red jelly beans and 40 black jelly beans. If you pick a red jelly bean and put it back, what are the odds of picking a red jelly bean next?
A) 20/40 B) 20/60 C) 40/60 D) 0
With of the following is true with regard to leverage? a. The U.S.banking system uses very little leverage to ensure the safety of the banking system. b. Leverage in the banking system increases its potential for profits, but no losses
c. Losses borne by highly leveraged banks can have a ripple effect throughout the financial system. d. All of the above are true