If we are trying to determine if two different products are substitutes, complements, or not related at all, we should find the value of the
A) price elasticity of demand for both goods.
B) price elasticity of supply for both goods.
C) income elasticity of demand for both goods.
D) cross elasticity of demand.
E) price elasticity of demand and the price elasticity of supply for both goods.
D
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In Zimbabwe, the government stopped the country's hyperinflation by
A) reducing domestic monetary growth drastically. B) returning to a gold/silver currency standard. C) switching to foreign currencies. that are relatively stable. D) passing a law making price increases illegal. E) implementing a new currency based on diamonds.
Below the short-run shutdown price, the firm
A) is earning positive economic profits. B) is earning negative economic profits. C) is making a normal rate of return on its capital investment. D) may be earning a positive or negative economic profits depending upon costs.