If the demand for a good increases when people's incomes increase,
A) the good is an inferior good.
B) the law of demand is violated.
C) the good's demand curve must be slope upward.
D) the good is a normal good.
E) the good is a substitute good for an inferior good.
D
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It pays the firm to produce only if total variable costs exceed total revenue.
Answer the following statement true (T) or false (F)
One way to predict the future profitability of a company is through:
A. technical analysis. B. fundamental analysis. C. using current prices. D. All of these are ways to predict a company's worth.
The structural deficit can be used to estimate the thrust of current fiscal policy
a. True b. False Indicate whether the statement is true or false
A country with a comparative advantage in producing computer chips
A. Has greater capacity to produce computer chips, given its resources, than do its trading partners. B. Has a lower opportunity cost of producing computer chips than its trading partners. C. Can produce computer chips with fewer resources than its trading partners. D. Can achieve better terms of trade in selling computer chips than its trading partners.