Two goods that are complementary are:
a. wrapping paper and scotch tape.
b. letter and fax.
c. beef and chicken.
d. bicycle and motorcycle.
e. Coke and Pepsi.
a
Economics
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The federal government spends the largest amount of its budget on Social Security, which is an example of
a. federal aid to state and local government b. discretionary spending ' c. mandatory spending d. defense spending
Economics
For a monopoly, a negative marginal revenue implies:
A. that the demand is price elastic. B. the quantity effect is larger than the price effect. C. the price effect is larger than the quantity effect. D. total revenues are increasing.
Economics