Which of the following pairs is the best example of complements?
a. milk and cheese
b. coffee and tea
c. CDs and audio tapes
d. hiking boots and athletic shoes
e. bagels and cream cheese
E
Economics
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The figure above shows a nation's consumption function. The amount of autonomous consumption expenditure is
A) $1 trillion. B) more than $3 trillion. C) $3 trillion. D) $0. E) $2 trillion.
Economics
An attempt by a firm to create a monopoly and gain the economic profit from the monopoly is called
A) collusion. B) intrusion. C) profit seeking. D) rent seeking.
Economics
A ________ is a transaction in which both a spot transaction and a forward transaction are agreed upon simultaneously
A) arbitrage B) call C) swap D) put
Economics
If the LM function is vertical, then __________ is constant
A) the price level B) the interest rate C) velocity D) investment
Economics