Computers and software programs are
a. inferior goods
b. complementary goods
c. goods with a cross-price elasticity of demand of 0
d. substitute goods
e. perfectly elastic goods
B
Economics
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Which of the following is an example of an agency concerned with social regulation?
A) Federal Communications Commission B) Securities and Exchange Commission C) Consumer Product Safety Commission D) Federal Energy Regulatory Commission
Economics
If Option A costs $40 and yields 20 units of output, and Option B costs $50 and yields 30 units of output,
A) Option B and Option A are equally economically efficient. B) Option B is economically efficient relative to Option A. C) Option A is economically efficient relative to Option B. D) It is not possible to determine which option is more economically efficient.
Economics