A good whose demand is directly related to income is a(n)
A. new good.
B. inferior good.
C. regular good.
D. normal good.
Answer: D
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In which of the following situations would a person be best off in real terms?
a. Receiving a 10 percent increase in a nominal wage, with an 8 percent rate of inflation in the economy b. Receiving a 3 percent increase in a nominal wage, with a 0 percent rate of inflation in the economy c. Receiving a 4 percent increase in a nominal wage, with a 5 percent rate of inflation in the economy d. Receiving no increase in a nominal wage, with a 5 percent rate of deflation in the economy e. Receiving a 2 percent decrease in a nominal wage, with a 6 percent rate of deflation in the economy
If the economy produces full employment output, an increase in government spending increases output but not the price level.
Answer the following statement true (T) or false (F)
Acid rain is an example of
a. local pollution c. regional pollution b. global pollution d. natural pollution
__________ is at the core of work-family interchange
a. Social support b. Passion c. Clarity d. Tagline