Calculate the cross-price elasticity of demand between computers and printers, where a 10 percent decrease in the price of computers results in a 15 percent increase in the demand for printers

When Susan makes the statement, "The government should spend less money to take care of national parks," she is

A) making a normative statement. B) making a positive statement. C) testing an economic model. D) not dealing with scarcity.

The existence of internal economies of scale

A) cannot be associated with a perfectly competitive industry. B) may be associated with a perfectly competitive industry. C) is associated only with sophisticated products such as aircraft. D) cannot form the basis for international trade. E) focuses more on the industry than individual firms.