Pick the true statement below:
A) All scarce goods are normal goods.
B) All scarce goods are inferior goods.
C) A normal goods is a scarce good.
D) An inferior good is a bad.
C
Economics
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Refer to Figure 4-3. Kendra's marginal benefit from consuming the third ice cream cone is
A) $13.00. B) $2.50. C) $1.50. D) $0.50.
Economics
Which of the following is not a feature of the steady state in Solow's exogenous growth model?
A) The capital/output ratio is steady. B) Capital grows continuously. C) Consumption per worker is steady. D) Total saving is steady.
Economics