Which of the following goods are not close substitutes?
a. Peanut butter and jelly
b. Margarine and butter
c. Tea and coffee
d. Beef and chicken
a. Peanut butter and jelly
Economics
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In mid-2009, the unemployment rate stood at
a. 25 percent b. 5 percent c. 6 percent d. 9.5 percent e. 20 percent
Economics
Refer to the below graph which shows the supply and demand for unionized manufacturing workers. The initial equilibrium point is point 1. There is an increase in the demand for manufactured goods while at the same time health benefits for unionized manufacturing workers also increase. Which point would represent the new equilibrium?
A. 3
B. 4
C. 5
D. 6
Economics