Economists find the notion of people "needing" things to be
A) supported by the law of demand.
B) considered false.
C) seriously misleading because they ignore substitutes.
D) considered tentatively true until the preponderance of the data suggests otherwise.
C
Economics
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The above figure shows Jane's budget line and two of her indifference curves. How many lobster dinners will Jane purchase each month?
A) 4 lobster dinners B) 5 lobster dinners C) 8 lobster dinners D) 10 lobster dinners
Economics
Asset trades that deal with equity instruments are best described as
A) share of stock. B) exchange rate. C) bonds. D) bank deposits. E) factors.
Economics