Coffee and tea are:

a. complements.
b. substitutes.
c. inferior goods.
d. unrelated goods.
e. nonmarket goods.

b

Economics

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Which of the following best describes rule utilitarianism?

a. a person considers an action independently of a situation and determines whether it is more often moral or immoral to determine how to classify it in all situations b. a person who considers a situation and decides upon the easiest course of action c. a person who considers an action and determines whether it would end favorably for them d. a person examines a situation, considers all possible actions they could take and decides which one would end most favorably for all involved

Economics

Suppose an economy's exchange rate system is the gold standard and vast tracks of gold are discovered, as is what happened in the United States in 1849. If the economy is at full employment, what should this discovery do?

A) It should lower the money supply and cause deflation. B) It should raise the money supply and cause inflation. C) It should raise the money supply and cause disinflation. D) It should raise the money supply but have no impact on the price level. E) it should not change the money supply.

Economics