Goods whose income elasticity of demand is greater than zero are _____
a. inferior goods
b. normal goods
c. substitute goods
d. superior goods
e. public goods
b
Economics
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If a regional trading agreement causes products from member countries to replace imports from nonmember countries, then the regional trading agreement will experience:
a. economic gains. b. trade creation gains. c. trade diversion losses. d. trade perversion
Economics
U-4, U-5 and U-6 are
A) all broader measures of the unemployment rate. B) all narrower measures of the unemployment rate. C) not used by the Bureau of Labor Statistics because they include too much variability. D) narrower measures of the labor force participation rate. E) broader measures of the labor force participation rate.
Economics