If an increase in the price of blue jeans leads to an increase in the demand for tennis shoes, then blue jeans and tennis shoes are ?
A. Complements
B. inferior goods
C. normal goods
D. none of these answers
E. Substitutes
A. Complements
B. inferior goods
C. normal goods
D. none of these answers
E. Substitutes
A. sharing research and development cost among corporations
B. forestalling protectionism against imports
C. establishing work rules promoting higher labor productivity
D. operating at diseconomy-of-scale output levels
A. Territorial sales force
B. Product sales force
C. Customer sales force
D. Hybrid sales force
A. market-orientated economists
B. left-wing theorists
C. Keynesian.
D. new-Keynesian
A. the countries of Western Europe have set high minimum wage rates.
B. Unions in Western Europe keep the wage high
C. none of these answers.
D. The countries of Western Europe have protected their industries from foreign corporation
E. Workers in the united states are highly productive
A. Are always found
B. Can never decease
C. Always increase over time
D. Are limited at any moment in time
A. be a manufactured good
B. be a primary product
C. have a low price elasticity of supply
D. have a high price elasticity of demand