An increase in the price of product B leads to an increase in the demand for product C. This indicates that products B and C are:
A. Complementary goods
B. Substitute goods
C. Inferior goods
D. Normal goods
Answer: B
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The purchase of foreign stocks and bonds by a U.S. brokerage firm is an example of capital inflows to the United States
Indicate whether the statement is true or false
Jim has just researched and purchased a computer through the Internet as a result of responding directly to a pop-up ad. The pop-up ad is an example of
A) mass marketing. B) direct marketing. C) indirect marketing. D) interactive marketing.
Auctions are valuable for selling items such as
a. Pens b. Artwork c. Standard automobiles d. All of the above
The supply curve that monopsonists face is different from the supply curves that firms in competitive labor markets face because with a monopsony,
a. many more workers are hired to produce the larger amount of output b. the supply curve of labor is relatively flat c. offering a wage lower than the market wage means having no workers d. the employer faces the market supply curve of labor e. the firm takes the market wage rate as given