If the indifference curves between two goods are L-shaped, the goods are
A) complementary goods.
B) substitute goods.
C) normal goods.
D) inferior goods.
A
Economics
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The unemployment rates in the U.S. from 2002 to 2012 were in the range of:
A. 4.6% to 9.6% B. 1.5% to 4.5% C. 8.4% to 12.4% D. 10.7% to 14.7%
Economics
If the economy were producing at point E and moved to point B the opportunity cost in terms of lost production of outboard motors would be
A. 16 units of outboard motors.
B. 14 units of outboard motors.
C. 12 units of outboard motors.
D. 10 units of outboard motors.
Economics