After the price of milk increases, Susan buys more eggs and less hotdogs. For Susan
A) milk, eggs, and hotdogs are all complements.
B) milk and eggs are complements, and milk and hotdogs are substitutes.
C) milk and eggs are substitutes, and milk and hotdogs are complements.
D) milk, eggs, and hotdogs are all substitutes.
Answer: C
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The ________ that required separation of commercial and investment banking was repealed in 1999
A) the Federal Reserve Act. B) the Glass-Steagall Act. C) the Bank Holding Company Act. D) the Monetary Control Act.
Between 1860 and 1914, the concentration of industrial power did increase. What did members of the general public perceive to be the result of this heavy concentration?
(a) Expanded output (b) Lower prices (c) A transfer of income away from consumers toward big businesses (d) All of the above