If good A had twice as many good substitutes as good B, but good B consumed twice the amount of a buyers income as good A, goods A and B would have the same elasticity of demand
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Joe has been unable to find a job because he lacks the necessary computer skills. Joe is
A) cyclically unemployed. B) skill-set unemployed. C) frictionally unemployed. D) structurally unemployed. E) educationally unemployed.
Economics
What would make foreigners want to buy more from the United States?
A. A fall in the value of the dollar in the foreign exchange market B. Inflation in United States C. High tariffs D. Lower interest rates in the United States
Economics