If the price of personal computers were to rise, then the demand for printers would decrease because personal computers and printers are
A) complementary goods.
B) consumer goods.
C) inferior goods.
D) substitute goods.
Answer: A
You might also like to view...
Why do most people choose to specialize in a narrow set of skills for their work, rather than to learn a little bit about several varied fields of endeavor?
A) They feel that doing so will minimize their chances of being unemployed. B) They don't correctly perceive the costs of being so specialized. C) It allows them to earn more income by being more productive. D) They are unaware of how much better off they would be if they diversified their skills.
In the 19th century, Russian peasants noticed that during cholera epidemics there were lots of doctors around; in an attempt to eliminate cholera, they killed all the doctors. This is an example of
a. mistaking correlation with causation. b. the fallacy of opportunism. c. excessive abstraction. d. rationality. e. marginal analysis.
An agreement that gives one party the right to buy or sell from or to •- another party a specified quantity of currency at a specified price would be included in which of the following transactions?
a. an option b. a futures contract c. a forward contract d. a swap
Keynesians believe that the two basic cures for a recession are _____ and _____.
Fill in the blank(s) with the appropriate word(s).