Most goods can be classified as normal goods rather than inferior goods. The definition of a normal good suggests that:
A. The income elasticity of demand for the good is negative
B. The price elasticity of demand for the good is negative
C. The income elasticity for the good is greater than 0
D. The cross elasticity of demand for the good is positive
C. The income elasticity for the good is greater than 0
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Which of the following is an equilibrium condition in the ISLM model?
A) Labor demand = labor supply B) Desired investment = desired saving C) Government spending = taxation D) Money supply = income
In the wireless communication industry, firms that provide broadband access to the Internet are best regarded as
A) platforms in a shared-input market. B) end users in a shared-input market. C) platforms in a matchmaking market. D) end users in a matchmaking market.