If the demand for coffee decreases as income decreases, coffee is ?
A. an inferior good
B. a normal good
C. a complementary good
D. a substitute good
A. an inferior good
B. a normal good
C. a complementary good
D. a substitute good
A. Acting as bankers to the government
B. Advising the government on monetary policy
C. Dealing in foreign exchange
D. Fixing the main interest rate
A. points outside the production possibility curve
B. either points inside or outside the production possibility curve.
C. points on the production possibility curve
D. points inside the production possibility curve.
A. have tariff rates equal to zero suggesting a free trade policy for the United States
B. have lower tariff rates than the rates that apply to any other country sending goods to the United States
C. have tariff rates that are identical to the rates that apply to other countries to which the U.S grants most-favored nation treatment
D. have lower tariff rates than the rates that apply to other countries to which the U.S grants most favored nation treatment
A. Credit worthiness
B. Credit Worth
C. Credit line
D. Ratings
A. factor endowments
B. factor intensities
C. technology
D. opportunity costs
A. more than the price charged by either monopoly or a competitive market
B. less than the price charged by either monopoly or a competitive market
C. more than the price charged by a monopoly and less then the price charged by a competitive market
D. less than the price charged by a monopoly and more than the price charged by a competitive market