Which of the following is not included in census income?
a. wages and salaries.
b. property income.
c. cash welfare benefits.
d. in-kind transfers.
d
Economics
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Whenever the price of Good A decreases, the demand for Good B increases. Good A and B appear to be: a. complements. b. substitutes
c. inferior goods. d. normal goods.
Economics
With price leadership,
a. price equals marginal cost b. the industry output is generally greater than a competitive industry c. prices are set by explicit collusion d. firms price discriminate among different classes of customers e. there is no formal agreement regarding prices
Economics