This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Normal goods are those for which demand decreases as A) the price of a complement falls. B) the ... (Read 63 times)

Jramos095

  • Hero Member
  • *****
  • Posts: 528
on: Jun 29, 2018
Normal goods are those for which demand decreases as
 
  A) the price of a complement falls.
  B) the price of a substitute falls.
  C) income decreases.
  D) the good's own price rises.

Question 2

Purchasing power parity prices are used to construct GDP data that
 
  A) do not omit the underground economy.
  B) can be used to make more valid comparisons between one country and another.
  C) is a proper measure of economic welfare.
  D) adjust for differences in population.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

LegendaryAnswers

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Jramos095

  • Member
  • Posts: 528
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

emsimon14

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

A normal pregnancy. A normal pregnancy.
(A) Tetralogy of Fallot; (B) normal anatomy. (A) Tetralogy of Fallot; (B) normal anatomy.
Changes in bronchioles during an asthma attack: (a) normal bronchiole; (b) asthmatic bronchiole. Changes in bronchioles during an asthma attack: (a) normal bronchiole; (b) asthmatic bronchiole.
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Microarray procedure for analyzing gene expression in normal and cancer cells Microarray procedure for analyzing gene expression in normal and cancer cells
Video: How does an animal choose what food to eat?

For a complete list of videos, visit our video library