If two goods were to become even stronger substitutes than before, an economist would expect the cross elasticity to become:
a. positive.
b. one.
c. zero.
d. smaller.
e. larger.
e
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"Trust busting," including the prosecution of the American Tobacco Company and Standard Oil, was a high priority of _________'s administration
a. Franklin Roosevelt b. Ulysses S. Grant c. James Garfield d. Theodore Roosevelt
The 12 regional Fed banks do all of the following except:
A. Clear checks between private banks. B. Lend money to individuals. C. Provide currency to banks. D. Hold bank reserves.
Outsourcing leads to
A. Increases in total output, but with permanent job losses for some domestic workers. B. Decreases in total output, along with permanent job losses for some domestic workers. C. Decreases in total output, but with no changes in the number of domestic jobs available. D. Increases in total output, but with temporary job losses for some domestic workers.
From Table 2.1, which column is likely to be the one for quantity demanded?
A. column A B. neither A nor B C. column B D. either A or B are equally likely