Goods with upward sloping demand curves are referred to as

A) Marshall goods.
B) Giffen goods.
C) substitute goods.
D) luxury goods.

Answer: B

Economics

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If net exports is negative, it must be the case that ________.

A. more goods are being exported than imported  B. the value of goods, services, and resources exported is less than the value imported C. more goods are being imported than exported D. the value of goods, services, and resources imported is less than the value exported

Economics

A good that has qualities that are easy for a consumer to assess in advance of a purchase is called

A. a credence good. B. a persuasive good. C. an experience good. D. a search good.

Economics