When calculating the cost of college, which of the following should you probably include?
a. The cost of your meal plan for the cafeteria.
b. The cost of books required for college classes
c. The income you earn at your part-time job.
d. The cost of living in the dormitory.
b
Economics
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When the economy enters a recession, your employer is unlikely to reduce your wages because ________ during a recession
A) output and input prices generally fall B) output prices always fall C) output prices generally fall and input prices generally rise D) lower wages increase your incentive to find employment elsewhere.
Economics
Kara receives a promotion at work, which increases her income. We would expect Kara's demand for
a. each good she purchases to remain unchanged. b. normal goods to decrease. c. substitute goods to increase. d. inferior goods to decrease.
Economics