If goods x and y are complements, then the cross price elasticity of demand between them will be:
a. positive.
b. negative.
c. zero.
d. infinity.
b
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Which of the following factors helps explain limitations of concentration measures?
A) data collection challenges B) failure of the market and industry to correspond C) poor public information about firms D) lack of staff to perform professional market research
An example of a real-life rule that might constrain people's behavior is:
A. minimum wage legislation. B. having 24 hours in a day. C. the earth's limited supply of oil. D. All of these are examples of real-life rules.
Which of the following is an example of an explicit income transfer?
A. A Social Security pension paid to a retired factory worker. B. The paycheck received by a person who missed work last week because of vacation. C. The check received by a person currently employed by the postal service. D. A payment to a member of the U.S. Army who has recently been transferred to Germany.
Based on the table showing poverty for different groups, the group with the lowest poverty rate is ______.
a. people over 65
b. Asians
c. children under 18
d. married couple families