When income rises
A. quantity of a normal good demanded rises.
B. demand for a normal good rises.
C. demand for a luxury good falls.
D. demand for an inferior good rises.
Answer: B
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When an economy is at full employment, the unemployment rate is zero percent
Indicate whether the statement is true or false
The break-even investment line becomes steeper when the depreciation growth rate ________ or the labor force growth rate ________
A) increases; decreases B) increases; increases C) decreases; increases D) decreases; decreases
Most Mexican workers can increase their wages if they migrate to the United States, a demand-pull factor for migration
Indicate whether the statement is true or false
At a price of $10, quantity demanded is 30 units. When the price rises to $11, quantity demanded is 24 units. What is the absolute price elasticity of demand?
A. 0.43 B. 0.5 C. 2.33 D. 6.0