If the demand for a good increases when the price of another good increases, then these goods are
a. complementary
b. normal
c. unrelated
d. substitutes
e. neither substitutes nor complementary
D
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International goals become primary goals when:
A. foreign economies aren't doing well. B. the domestic economy is doing well. C. the domestic economy is in recession. D. there is international pressure.
Refer to Table 18-10. A tax exemption is granted for the first $10,000 earned per year. Suppose you earn $75,000
a. What is the amount of taxes you will pay? b. What is your average tax rate? c. What is your marginal tax rate?
When deciding what to use as money, one characteristic to look for is the:
A. stability of value. B. shape. C. intrinsic value. D. exchange value
The Herfindahl-Hirschman Index is an approach to measuring market concentration by adding the ___________ of the market share of each firm in the industry.
a. average b. mean c. sum d. square