If the price of good X increases and this causes an increase in the demand for good Y, then goods X and Y are substitute goods
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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In order for any given commodity to be considered money, it has to
A) be issued and controlled by some governmental institution. B) have some intrinsic value. C) be generally acceptable as a means of payment. D) be used in barter transactions. E) be convertible into gold or silver.
Economics
Define a sole proprietorship
What will be an ideal response?
Economics