An upward-sloping Engel curve indicates that
a. the good is normal.
b. the good is inferior.
c. demand for this good is elastic.
d. demand for this good is inelastic.
a. the good is normal.
Economics
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To economists, land includes all ______________, or gifts of nature, used in the production process.
a. investment b. natural resources c. input resources d. capital
Economics
The aggregate demand curve is the sum of all market demand curves in the economy.
Answer the following statement true (T) or false (F)
Economics