Author Question: In economic terminology, a normal good is a good A) on which a monetary value cannot be placed. ... (Read 40 times)

bb · **on:** Jun 29, 2018

In economic terminology, a normal good is a good

A) on which a monetary value cannot be placed.
B) that is liked only by normal people.
C) for which demand increases when price increases.
D) for which demand increases when income increases.

Question 2

Opportunity cost is illustrated on the production possibilities curve by a

A) bowed-out shape of the curve.
B) shift to the right of the curve.
C) shift to the left of the curve.
D) movement along the curve.