There is clear evidence of a race-to-the-bottom internationally, regarding working conditions and the environment

Marginal revenue is equal to:

A. the change in total revenue associated with a change in quantity. B. the change in total profits associated with a change in quantity. C. total revenue divided by its output. D. marginal cost.

If an increase in income results in an increase in the quantity demanded for a product, the product is ________, and the value of the income elasticity of demand is ________.

A. a normal good; positive B. a normal good, negative C. an inferior good; positive D. an inferior good; negative