If a decrease in the price of one good causes the demand curve for another good to shift to the left, the two goods must be

a. inferior
b. normal goods
c. inferior goods
d. substitutes
e. complements

D

Economics

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Which of the following is not a defining characteristic of globalization?

a. Increased cross-border flow of trade in goods b. Increased cross-border flow of trade in services c. Increased international mobility of information d. Increased frequency of wars e. Increased mobility of individuals across borders

Economics

Theories or models of economic behavior are used to

a. explain very precise details about the economy b. predict economic events and develop economic policy c. predict consumer behavior but not market behavior d. all of the above

Economics