« previous next »

Author Question: We observe that people buy less steak and more potatoes when the price of steak relative to potatoes ... (Read 68 times)

hubes95

  • Hero Member
  • *****
  • Posts: 561
on: Jun 29, 2018
We observe that people buy less steak and more potatoes when the price of steak relative to potatoes increases. This indicates that steak and potatoes are
 
  A) substitutes.
  B) complements.
  C) inferior goods.
  D) unrelated goods.

Question 2

A possible solution to the problems of external benefits is
 
  A) to tax those receiving the extra benefits.
  B) production of the good by government.
  C) effluent fees.
  D) to restrict the amount of the good through direct government regulation.


14vl19

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

The social movement that centers on the environment has become global. In all nations, people are ... The social movement that centers on the environment has become global. In all nations, people are ...
Ads from the public service campaign in the late 1960s and early 1970s that encouraged people to get ... Ads from the public service campaign in the late 1960s and early 1970s that encouraged people to get ...
People who share genes will often have similar body weights People who share genes will often have similar body weights
Top Sirloin Butt Steak Top Sirloin Butt Steak
Relative Humidity Changes at Constant Water-Vapor Content Relative Humidity Changes at Constant Water-Vapor Content
Relative size ranges and fluorescent dye labeling colors of 16 STR Relative size ranges and fluorescent dye labeling colors of 16 STR
Video: Mendel's Principles of Inheritance (Father of Genetics)

For a complete list of videos, visit our video library