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Author Question: Normal goods are those for which demand decreases as A) the price of a complement falls. B) the ... (Read 36 times)

Jramos095

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on: Jun 29, 2018
Normal goods are those for which demand decreases as
 
  A) the price of a complement falls.
  B) the price of a substitute falls.
  C) income decreases.
  D) the good's own price rises.

Question 2

Purchasing power parity prices are used to construct GDP data that
 
  A) do not omit the underground economy.
  B) can be used to make more valid comparisons between one country and another.
  C) is a proper measure of economic welfare.
  D) adjust for differences in population.


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LegendaryAnswers

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

C

Answer to Question 2

B


Jramos095

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Reply 2 on: Jun 29, 2018
Excellent

strudel15

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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