In the above figure, the diagram shows
A) a downward trend in x.
B) an upward trend in x.
C) a scatter diagram.
D) a two-variable scatter diagram.
E) a cross-section graph between x and time.
A
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Two items which have a positive cross price elasticity of demand are referred to as
A) luxury goods. B) inferior goods. C) substitutes. D) complements.
A college student decides to spend the afternoon watching three movies rented from Red Box. The cost of each movie is $1. The student was willing to pay $4 to rent each of the first two movies and $2 to rent the third movie. What was the marginal benefit received by the student when renting the 3rd movie?
A. $1 B. $8 C. $4 D. $2
Many economists think that, in the long run, the economy generally tends to move toward: a. an accelerating inflation rate
b. a stable price level. c. the natural or full-employment rate of inflation. d. the natural or full-employment rate of unemployment.
Another term for stocks is equity
Indicate whether the statement is true or false