The quintessential example of complementary goods would be
A. peanut butter and jelly for a young boy or girl.
B. the switching of Granny Smith for Golden Delicious apples.
C. Ramen Noodles for a poor college student.
D. steak for someone who liked beef.
Answer: A
You might also like to view...
Refer to Figure 26-5. In the figure above, the movement from point A to point B in the money market would be caused by
A) an open market sale of Treasury securities by the Federal Reserve. B) an increase in the price level. C) a decrease in real GDP. D) an increase in the required reserve ratio by the Federal Reserve.
Whenever individuals think about investing money in stocks, bonds, or real estate, they must consider:
A. the trade-off between future value and expected value. B. the opportunity cost of the risk involved. C. the trade-off between risk and expected value. D. the opportunity cost of the expected value.
If the current price of a good is $10, market demand is Qd = 400 - 20P, and market supply is Qs = -50 + 10P, then
A. more of the good is being produced than people want to buy. B. a lower price will increase the shortage. C. at the current price there is excess demand, or a shortage, of 150 units. D. Both b and c E. All of the above
Changes in reserve requirements directly and immediately affect
A. the money multiplier. B. the Fed's holdings of foreign exchange. C. the monetary base. D. banks' holdings of securities.