The cross price elasticities among substitute goods will be extremely high when
a. b and d
b. they are very similar to each other
c. people are consuming them frequently
d. people consume them in equal quantities
e. they are imperfect substitutes
B
Economics
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Which of the following transfer payments is included in GDP?
A) Social Security payments B) welfare payments C) veteran's benefits D) none of the above
Economics
One method of correcting for ____ externalities is to create a ____ to make sure the market accounts for all costs and benefits
a. market failure; tax b. negative; tax c. positive; mechanism d. positive; tax e. negative; free market
Economics