Suppose goods A and B are complements. If the price of good A increases, will the demand for good B increase or decrease?
The demand for good B will decrease.
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What important lesson did American economists learn in the 1980s and again in 2001–2003?
A. Large tax cuts can lead to a balance of trade surplus. B. Large government budget deficits can crowd out consumption. C. Large government budget deficits can bankrupt the nation. D. Large government budget deficits can crowd out net exports.
Economist B says all of the following: The economy needs expansionary fiscal policy to remove it from a recessionary gap. Government should either raise its __________ or cut _________________. I believe the tax multiplier is larger than the government spending multiplier, so I suggest government ___________________
A) taxes; spending; cut taxes B) spending; taxes; cut taxes C) taxes; spending; raise spending D) spending; taxes; raise spending E) none of the above
Which of the following is a reason why government debt is different from individual debt?
A. Government debt must be repaid at some point in time. B. Government can create money to finance its debt. C. Government debt can be owed to foreigners, unlike the debt of individuals. D. Government has fewer sources of income to finance its debt than individuals.
The SWOT analysis has been used extensively in other industries but has not been widely used in healthcare.
a. true b. false