Luxury brands like designer sun glasses are goods that may exhibit snob effects. Suppose this is true, and the price for a particular brand increases. What happens to the component changes in the quantity demanded?
A. Pure price effect is positive, snob effect is negative.
B. Pure price effect and snob effect are positive.
C. Pure price effect is negative, snob effect is positive.
D. Pure price effect and snob effect are negative.
C. Pure price effect is negative, snob effect is positive.
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Currently, union membership in the United States is about what percentage of civilian employees?
A. 10 percent. B. 15 percent. C. 20 percent. D. 25 percent.
Which of the following statements best describes the relationships of trade deficits, trade surpluses, international borrowing, and international lending?
a. An intimate relationship exists between a trade surplus and international borrowing and between a trade deficit and international lending. b. An intimate relationship exists between a trade deficit and international borrowing but not between a trade surplus and international lending. c. An intimate relationship exists between a trade surplus and international lending but not between a trade deficit and international borrowing, and between. d. An intimate relationship exists between a trade deficit and international borrowing and between a trade surplus and international lending.