The cross elasticity between two goods, X and Y, is positive. From this, we can conclude that goods X and Y are:

A. substitute goods.
B. complementary goods.
C. unrelated goods.
D. inferior goods.

Answer: A

Economics

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When he was 18, Hussam put $100 into an account at an interest rate of 8 percent. He now has $158.69 in this account. For how many years did Hussam leave this money in his account?

a. 5 years b. 6 years c. 7 years d. 8 years

Economics

Jamaal lost his job when a mechanical device replaced people with his skills. If Jamaal's skills are non-transferable, he would be considered to be structurally unemployed

Indicate whether the statement is true or false

Economics