Razor handles and razor blades are examples of goods that are substitutes.
a. true
b. false
Ans: b. false
Economics
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A commercial bank puts the funds it receives from various sources into
A) securities, cash assets and loans. B) loans, notes and coins in the bank's vault and deposits. C) reserves, deposits and loans. D) securities, cash assets and deposits.
Economics
The labor supply for an industry would decrease if
A) the wage rate falls. B) a greater percentage of women want to work outside the home. C) the percentage of the population from age 16 to 65 decreases. D) the government welcomes foreign workers into the country.
Economics