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

Author Question: A normal good is one for which A) demand increases as income increases. B) demand increases as ... (Read 138 times)

abc

  • Hero Member
  • *****
  • Posts: 543
on: Jun 29, 2018
A normal good is one for which
 
  A) demand increases as income increases.
  B) demand increases as income decreases.
  C) the demand curve is horizontal.
  D) demand increases as the price of a substitute increases.

Question 2

Efficiency can correctly be defined as
 
  A) producing outside the production possibilities boundary.
  B) minimizing opportunity cost.
  C) producing the maximum output with given technology and resources.
  D) providing for the immediate needs of the greatest proportion of the population.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jointhecircus

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


abc

  • Member
  • Posts: 543
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Consequences of normal and inadequate iodine in the diet. Consequences of normal and inadequate iodine in the diet.
Worldwide Variations in Population and Income Levels Developed countries represent only 18% of the Worldwide Variations in Population and Income Levels Developed countries represent only 18% of the
Tonsils—normal and enlarged. Tonsils—normal and enlarged.
Normal combustion is a smooth, controlled burning of the air–fuel mixture. Normal combustion is a smooth, controlled burning of the air–fuel mixture.
Diagram of the heart showing normal conduction pathway. Diagram of the heart showing normal conduction pathway.
E9-23 Prepare income statements Explain the difference in operating income E9-23 Prepare income statements Explain the difference in operating income
Video: Osmosis - water transport

For a complete list of videos, visit our video library