Tertiary employment tended to require generalized education and/or training and, therefore, it was found primarily in rural areas

Indicate whether the statement is true or false

False

Economics

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Sarah gets a salary increase of 20 percent. Before her raise, she purchased 5 pounds of hamburger and 1 pound of beef stew a month. After her raise, she consumes 2 pounds of hamburger and 3 pounds of beef stew a month. If everything else is held constant, we know that

A) hamburger is an inferior good and beef stew is a normal good for Sarah. B) hamburger is a normal good and beef stew is an inferior good for Sarah. C) both hamburger and beef stew are normal goods for Sarah. D) both hamburger and beef stew are inferior goods for Sarah.

Economics

Other things being equal, an increase in the price of a good leads to an increase in the amount produced. This is known as

A) the law of demand. B) the law of supply. C) ceteris paribus. D) equilibrium.

Economics