Economists generally agree that in reducing poverty, policies should be sought that do the
a. greatest good for total production.
b. least harm to work incentives.
c. most good for the poor.
d. least harm to equality of income.
b
Economics
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All else equal, if oil prices decrease, annual oil consumption will ________ and the years it will take to deplete the stock of oil will most likely ________
A) decrease; increase. B) decrease; decrease C) increase; increase D) increase; decrease
Economics
If the value of the cross elasticity of demand is negative, the two goods are
A) complementary goods. B) substitute goods. C) normal goods. D) inferior goods.
Economics