Two goods are ________ if the quantity consumed of one increases when the price of the other decreases
A) normal
B) superior
C) complementary
D) substitute
C
You might also like to view...
In the late 19th century, increases in productivity in the _________ industry were driven mostly by innovation, while increases in productivity in the ________ industry were driven by both invention and innovation
a. men's clothing; grain milling b. boot and shoe; cotton textile c. cotton textile; boot and shoe d. boot and shoe; men's clothing
In the analysis of potential GDP, labor and capital are considered
a. inputs. b. final goods and services. c. byproducts of economic growth. d. outputs.
If business opportunities in a country become relatively less attractive relative to those of other countries, then
a. both its net exports and net capital outflows fall. b. both its net exports and net capital outflows rise. c. its net exports fall and its net capital outflows fall. d. its net exports rise and its net capital outflows fall
Refer to the information provided in Figure 8.4 below to answer the question(s) that follow. 
Figure 8.4 Refer to Figure 8.4. If six microwave ovens are produced, Micro Oven's total costs are
A. $500. B. $600. C. $900. D. indeterminate from this information.