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Author Question: An increase in the relative price of a good cannot be caused by A) an increase in the nominal ... (Read 132 times)

formula1

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on: Jun 29, 2018
An increase in the relative price of a good cannot be caused by
 
  A) an increase in the nominal price of the good that is greater than the increase in the nominal price of the other good.
  B) a decrease in the nominal price of the good that is less than the decrease in the nominal price of the other good.
  C) a decrease in the nominal price of the other good while the price of the good itself remains constant.
  D) an increase in the nominal price of the other good while the price of the good itself remains constant.

Question 2

An example of an entrepreneur would be
 
  A) the owner of a new Indian food restaurant.
  B) the cafeteria employee who won the employee of the month award.
  C) a Greyhound bus driver.
  D) the cashier at your local supermarket.


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aloop

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


formula1

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Reply #2 on: Jun 29, 2018
Correct answers!


aloop

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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