Author Question: Goods that are similar but are not perfect substitutes are called ________ goods. A) ... (Read 40 times)

mcmcdaniel

  • Hero Member
  • *****
  • Posts: 550
Goods that are similar but are not perfect substitutes are called ________ goods.
 
  A) differentiated
  B) homogeneous
  C) normal
  D) inferior

Question 2

Is the cost of an all-volunteer army in the United States higher or lower than the cost of a conscripted (drafted) army?
 
  A) Higher, unless the citizens are exceptionally patriotic
  B) Lower, unless the army is inefficiently managed
  C) Higher to taxpayers but lower to military personnel
  D) The same because the wage will move to the market-clearing level
  E) We cannot say without knowing the supply of and demand for military personnel.



djofnc

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

A

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

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?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

For a complete list of videos, visit our video library