Which of the following pairs of goods is probably NOT an example of substitutes?
A. Hamburgers and ketchup
B. Chicken and steak
C. Raincoats and umbrellas
D. Potatoes and stuffing
Answer: A
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In the research that used the audit method to send 38 people to purchase new cars from car dealers in Chicago, the lowest prices were quoted to
A) black women. B) white women. C) black men. D) white men.
If the yield curve slope is flat for short maturities and then slopes steeply upward for longer maturities, the liquidity premium theory (assuming a mild preference for shorter-term bonds) indicates that the market is predicting
A) a rise in short-term interest rates in the near future and a decline further out in the future. B) constant short-term interest rates in the near future and further out in the future. C) a decline in short-term interest rates in the near future and a rise further out in the future. D) constant short-term interest rates in the near future and a decline further out in the future.
An advantage of foreign direct investment versus domestic investment for businesses can be to:
A. cut costs of production. B. reduce overall risk relative to financial investments available at home. C. increase profit without having to pay taxes on the earnings. D. encourage the flourishment of ‘sweatshops’.
Some politicians argue that reducing the corporate income tax will increase business investment spending
a. True b. False Indicate whether the statement is true or false