If pork and beans is an inferior good, other things being equal, an increase in consumer income will decrease the demand for pork and beans

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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Which of following groups of countries are all advanced economies?

A) Australia, Brazil, and the United States B) Hong Kong, Japan, France, and the United Kingdom C) Italy, the United States, China, and Russia D) Singapore, Russia, France, and Chad E) Mexico, Canada, Germany, and Egypt

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Federal Reserve notes are _____

a. checks b. commodity money c. coins d. backed by gold e. fiat money

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