If the price of a complementary good decreases, demand for the original good will decrease
Indicate whether the statement is true or false
FALSE
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If currencies around the world are based on the gold standard, and Japan raises the amount of gold for which the yen will trade, then holding all else constant,
A) the value of U.S. exports to Japan in terms of the yen will increase. B) the value of the yen relative to the dollar will stay constant. C) the yen will appreciate against the dollar. D) the yen will depreciate against the dollar.
Steady-state investment per worker is positively related to the capital—labor ratio because the higher the capital—labor ratio
A) the lower the capital depreciation rate. B) the greater the amount of resources available for capital investment. C) the more investment per worker is required to replace depreciating capital. D) the less the economy needs to equip new workers with the same high level of capital.
Requiring the buyer of one good to purchase another good as well is termed
a. predatory pricing. b. price discrimination. c. tying contracts. d. exclusive dealing.
Banks earn a profit on the difference between: a. the interest charged from depositors and the interest offered to borrowers. b. the interest charged on loans and the interest paid on deposits
c. the deposit and loan balances. d. liabilities and deposits. e. dividends and interest.