If the demand for cucumbers falls when the price of tomatoes rises, then we know that tomatoes and cucumbers are:
A. complements.
B. inferior goods.
C. substitutes.
D. normal goods.
Answer: A
Economics
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Which of the following is NOT a method by which unions try to increase the demand for the labor of their members?
A) increasing the marginal product of union members B) increasing the supply of the goods produced by union labor C) supporting minimum wage laws D) supporting immigration restrictions
Economics
What would an increase in U.S. trade barriers result in?
(A) Lower prices for consumers. (B) An increase in trade for the United States. (C) A decrease in trade for the United State. (D) Increased efficiency in U.S. production.
Economics