Which of the following is most likely to be an inferior good?

A. rice
B. designer coats
C. ocean cruises
D. steak

Answer: A

Economics

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The primary mission of the World Bank today is to

A) provide capital to underdeveloped countries. B) provide capital to firms around the world. C) provide financial assistance for the reconstruction of war-damaged nations. D) provide a safe place for people around the world to put their money. E) help countries manage their exchange rates.

Economics

In the short run, marginal cost is minimized when

A) MPL is maximized. B) MPL equals zero. C) APL is maximized. D) APL equals zero.

Economics