Author Question: When purchases of tennis socks decline following an increase in the price of tennis sneakers (other ... (Read 119 times)

lunatika · **on:** Jul 1, 2018

When purchases of tennis socks decline following an increase in the price of tennis sneakers (other things remaining equal), the relationship between these two items can be described as

A) substitutable.
B) complementary.
C) unique.
D) ordinary.

Question 2

The benefit to employers of deferred payments is that

A) adverse selection is eliminated.
B) employers cannot engage in any opportunistic behavior.
C) these payments raise the cost of being fired, so more monitoring is needed.
D) these payments raise the cost of being fired, so less monitoring is needed.