In economic terminology, an inferior good is a good
A) that no one will purchase.
B) that doesn't work properly.
C) that has no monetary value.
D) for which demand increases as income decreases.
Answer: D
Economics
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The arrangements that individuals have with each other to exchange goods is known as
A) demand. B) supply. C) a market. D) complements.
Economics
The balance of payments ____________
a. is always zero b. is always one c. is positive when the nation has a trade surplus d. is negative when the nation has a trade deficit e. is positive when the nation has a trade deficit
Economics