Which of the following are complementary goods?
A) sport utility vehicles and gasoline
B) butter and margarine
C) white wine and red wine
D) trucks and sedans
Answer: A
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The substantially larger real GDP per worker in the United States than in Europe is explained by
A. greater production per hour. B. better U.S. technology. C. longer work hours. D. all of the above. E. none of the above.
In much of Europe, the legal age to obtain a driver's license is 18. If the legal driving age in the United States was changed to 18, how would this affect the market for new automobiles? The market for automobile insurance?
What will be an ideal response?
Illustrate the effect of an open market sale of $20 million worth of Treasury bills on the Fed's balance sheet
What will be an ideal response?
If you place $100 in a bank account that pays 6% at the end of each year, and you leave your $100 and all your interest in the bank, how much will you have in the bank at the end of seven years with annual compounding?
A) (106)7. B) 7 ? (106). C) 100 ? (1.60)7. D) 100 ? (1.06)7.