If the demand for green tea increases as income increases, green tea is a(n)
A. substitute good.
B. normal good.
C. complementary good.
D. inferior good.
Answer: B
Economics
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Which type of unemployment is the consequence of downturns in the business cycle?
A) structural B) expansionary C) cyclical D) natural E) frictional
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The average price of goods and services in the economy is also known as
A) the cost of living. B) the inflation rate. C) a market basket. D) the price level.
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