Demand for a good will always increase when
a. the price of a complementary good falls
b. the price of a substitute good falls
c. tastes change
d. incomes decrease
e. the price of the good falls
A
Economics
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A closed economy refers to an economy with
A) no immigration. B) tariffs and import quotas. C) government control of all factors of production. D) no international trade.
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Disinflation means a decrease in:
a. the rate of inflation. b. the general level of prices in the economy. c. the prices of all products in the economy. d. the circular flow.
Economics
Deposits are examples of a bank's:
A. assets. B. liabilities. C. net worth. D. balance sheet.
Economics
Refer to the above figure. Which panel represents the long-run supply curve for an increasing-cost industry?
A. Panel A B. Panel B C. Panel C D. Panel D
Economics