Which of the following decreases the demand for an inferior good?
A) an increase in income
B) a decrease in the price of a complement
C) a decrease in income
D) an increase in the price of a substitute
A
Economics
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Gross domestic product is the market value of all the _______ in a given time period
A. goods and services bought by Americans B. goods and services produced by American companies in all countries C. final goods and services produced by all firms located in the United States D. U.S.-produced goods and services bought in the United States
Economics
If prices in Mexico rise at a higher rate than prices in the U.S., then according to purchasing-power parity the U.S. nominal exchange rate with Mexico should rise
a. True b. False Indicate whether the statement is true or false
Economics