If a product is an inferior good ?
A. Demand is inversely related to income
B. Demand in inversely related to price
C. Demand is directly related to price
D. Demand is inversely related to the price of substitutes
A. Demand is inversely related to income
B. Demand in inversely related to price
C. Demand is directly related to price
D. Demand is inversely related to the price of substitutes
A. Call price
B. Bid price
C. Term Price
D. Future Price
A. the action is ethical
B. The action produces marginal costs that exceed marginal benefits.
C. The action produces marginal benefits that exceed marginal costs.
D. The action makes money for the person.
A. there are many sellers in a monopolistically competitive market and there is free entry and exit in the market just like a competitive market
B. Monopolistically competitive firms face a downward-slog demand curve just like competitive firms.
C. Monopolistically competitive firms charge prices equal to the minimum of their average total cost just like competitive firms.
D. The products are differentiated in a monopolistically competitive market just like in a competitive market.
A. Domestication
B. Protectionism
C. Localization
D. National interest
A. consumer expenditure government expenditure and investment
B. consumer expenditure investment government expenditure and exports less imports
C. consumer debt investment debt and government debt
consumer expenditure and investment
A. Unemployment
B. Inflation
C. The wages paid to footballers
D. Economic growth