« previous next »

Author Question: We observe that people buy less steak and more potatoes when the price of steak relative to potatoes ... (Read 87 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?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Relative sizes of the sporophyte and gametophyte generations of bryophytes, ferns, and seed plants. Relative sizes of the sporophyte and gametophyte generations of bryophytes, ferns, and seed plants.
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Steak fries Steak fries
Blade Steak Blade Steak
Sensory Crossover Device for Visually Impaired People Sensory Crossover Device for Visually Impaired People
Survivorship curves for people in the United States in the early 20th and early 21st centuries Survivorship curves for people in the United States in the early 20th and early 21st centuries
Video: Mutations and translation

For a complete list of videos, visit our video library