Normal Good
What will be an ideal response?
A good for which, other things equal, an increase in income leads to an increase in demand.
Economics
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The Federal Open Market Committee oversees the buying and selling of:
a) government securities. b) foreign currencies. c) imports. d) corporate debt.
Economics
One of the problems with Lewis' concept of surplus labor is that
a. People who look like they are not working actually are achieving important development objectives. b. Productivity in subsistence agriculture is so low that all workers are constantly needed. c. Those no longer needed in agriculture have long ago left for the cities. d. Those whose labor is not needed at one time may be needed at other times. e. Surplus labor exists only in developed country agriculture.
Economics