How would the economy of Canada be likely to be characterized?
a) free market
b) centrally planned
c) mixed, but on the side of centrally planned
d) mixed, but on the side of free marker
Ans: d) mixed, but on the side of free marker
Economics
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Good A has an income elasticity equal to 0.4 and a cross price elasticity with respect to Good B of 1.2 . Then: a. Good A is an inferior good and Goods A and B are substitutes. b. Good A is an inferior good and Goods A and B are complements. c. Good A is a normal good and Goods A and B are substitutes
d. Good A is a normal good and Goods A and B are complements.
Economics
Explain why sunk costs are irrelevant to choosing the best amount of an activity.
What will be an ideal response?
Economics