A 2% wage increase for teachers or police officers is:
a. usually offset by higher output per worker.
b. leads to increases in municipal budgets.
c. indicates that teachers and police have became more selfish.
d. leads to more personalized service.
b
Economics
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If two goods are ________, then an increase in the price of one leads to ________ in the quantity demanded of the other
A) complements; a decrease B) complements; no change C) substitutes; a decrease D) substitutes; no change E) normal; an increase
Economics
An example of a good that is both rival and excludable is
A) the defense services provided by a new stealth bomber. B) a pair of pants. C) a beautiful sunset. D) an uncrowded theme park such as Walt Disney World.
Economics