If tea and coffee are substitutes, the cross elasticity of coffee with respect to the price of tea will be ________ and an increase in the price of tea will ________ the demand for coffee
A) positive; increase
B) negative; decrease
C) negative; increase
D) positive; decrease
A
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Nearly _____________ of the world's people have never made a phone call.
Fill in the blank(s) with the appropriate word(s).
Threats to in internal validity lead to
A) perfect multicollinearity B) the inability to transfer data sets into your statistical package C) failures of one or more of the least squares assumptions D) a false generalization to the population of interest
The sign on a church in your neighborhood reads "All are welcome at Sunday Service.". Because the church has limited seating and is usually full, the Sunday Service is
a. a private good. b. a public good. c. a club good. d. a common resource.
The problem arising in the used car market can be alleviated by
A. providing buyers with more complete information on the condition of a used car. B. having third parties certify the condition of a used car. C. sellers offering warranties. D. All of these statements are true.