If a price hike of 5 percent increases the quantity demanded of another good by 2 percent, the goods must be ________ and the cross elasticity of demand equals ________
A) substitutes; 0.40
B) substitutes; 2.5
C) complements; 0.40
D) complements; 2.5
A
Economics
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The AK growth model indicates that countries with high saving rates experience ________, and countries with low saving rates experience ________
A) high growth rates; low growth rates B) low growth rates; high growth rates C) positive growth rates; no growth D) negative growth rates; positive growth rates
Economics
Impact investing involves investing money in:
A. firms to generate both financial and social returns. B. entire industries to have an overall impact. C. those economies with the largest finance gap. D. None of these statements is true.
Economics