Which of the following goods should be clearly considered substitutes?

A. Peanut butter and jelly
B. Right and left shoes
C. Coke and Pepsi
D. Gasoline and diesel fuel

Answer: C

Economics

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What two things determine the cost of production?

What will be an ideal response?

Economics

Which of the following is not always correct for a closed economy?

a. National saving equals private saving plus public saving. b. Net exports equal zero. c. Real GDP measures both income and expenditures. d. Private saving equals investment.

Economics