If the cross price elasticity of demand between two goods is negative, then the two goods are

A) substitutes.
B) complements.
C) unrelated.
D) independent.

B

Economics

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In the Heckscher-Ohlin model, what assumption is made about opportunity costs?

What will be an ideal response?

Economics

The slope of the consumption schedule between two points on the schedule is:



A.  The ratio of the change in consumption to the change in disposable income between those two points
B.  The ratio of the change in disposable income over the change in consumption between
those two points
C.  Equivalent to one plus the marginal propensity to save
D.  Equivalent to the average propensity to consume

Economics