Goods with few available substitutes tend to have inelastic demand curves

a. True
b. False
Indicate whether the statement is true or false


True

Economics

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Which of the following falls during a boom?

A) Investment B) Gross Domestic Product C) Unemployment D) Consumption

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Which of the following is an example of a negative externality?

a. Picking up your trash b. Going to class sick c. Planting pretty flowers in your yard d. Getting vaccinated e. Going to class

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The "invisible hand" influences market behavior through trade

a. True b. False Indicate whether the statement is true or false

Economics

If firms sell less than is expected, actual investment increases because ________, which is counted as investment.

A. the government buys the unsold goods B. households buy the unsold goods are bargain prices C. the unsold goods are distributed to poor households D. the unsold goods are added to inventory

Economics