Which of the following statement(s) is (are) true?
A) If the income elasticity of demand for a product is negative, then the good is labeled an
inferior good.
B) If the income elasticity of demand for a product is greater than 1, then the good is labeled
a necessity.
C) If the cross-price elasticity of demand between two goods is negative, then the two good
are complements.
D) Both A and C
D) Both A and C
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Tolerance in most switches is about 2%; ____________________ is about 1%.
Fill in the blank(s) with the appropriate word(s).
We use more wood today than ever before, and we produce less wood each year than we use in this country
Indicate whether the statement is true or false
Sometimes a hydraulically driven fan will reverse directions to:
a. heat the oil b. cool the oil faster c. reverse the oil flow d. clean the cooler fins
Attributes needed to be a welder include:
A) Good eyesight B) Capable of lifting significant loads C) Flexibility D) All of the above