The measure used to determine whether two products are substitutes or complements is called
a. price elasticity of demand.
b. income elasticity of demand.
c. cross elasticity of demand.
d. inverse elasticity of demand.
c
Economics
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The United States is one of the least marketized economies in the world
a. True b. False Indicate whether the statement is true or false
Economics
Suppose that a community seeks to preserve air quality, and zones a “green belt” around the city, which prevents property development within the belt. What is the most likely result of this law?
A. Interest rates will increase. B. Labor income will increase. C. Economic rent will increase. D. Profits will increase.
Economics