If the cross-elasticity of demand for two goods is negative, this means that:
a. only the poor will buy the goods.
b. they are normal goods.
c. the goods are substitutes.
d. the goods are complements.
d
Economics
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If a country increases its saving rate, which of the following permanently grow at a higher rate?
a. productivity and real GDP per person b. productivity but not real GDP per person c. real GDP per person but not productivity d. neither real GDP per person nor productivity
Economics
In the absence of right-to-work laws, workers
a. that went on strike could be permanently replaced. b. might be required to join the union if they worked for a unionized firm. c. would not be able to unionize. d. would not be able to strike.
Economics