The market for smartwatches has begun to grow, due in part to the success of the Apple Watch
Following the successful launch of the Apple Watch in 2015, companies such as Samsung, Sony, and LG have all developed products to compete with the Apple Watch. The smartwatches introduced to compete with the Apple Watch would be considered
A) complements to the Apple Watch. B) substitutes for the Apple Watch.
C) normal goods compared to the Apple Watch. D) inferior goods compared to the Apple Watch.
B
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Which of the following is never negative?
a. marginal product b. average product c. production elasticity d. marginal rate of technical substitution e. slope of the isocost lines
When pollution emissions can be measured taxation will tend to be more effective than any other method of controlling pollution
a. True b. False Indicate whether the statement is true or false
Suppose the economy is currently experiencing 6% inflation per year. If the Fed wants to reduce inflation to 2% and the sacrifice ratio is 5, then how much annual output must be sacrificed in the transition?
a. 5% b. 10% c. 15% d. 20%
The interest rate that banks use as a reference point for interest rates on a wide range of loans to businesses and individuals is the:
A. Discount rate B. Term auction rate C. Prime interest rate D. Real interest rate