Firm X both produces automobiles and owns gas stations. If decides to decrease the gas to induce higher sales for the automobiles, it means that
a. the gas and the automobiles are complements
b. the gas and the automobiles are substitutes
c. the gas and the automobiles are not related in demand
d. none of the above
a
You might also like to view...
Why is persistent unemployment a possibility in the Keynesian model but NOT in the classical model?
A) The Keynesian model assumes that people work for motives other than those of earning an income for themselves and supporting a family. B) The Keynesian model assumes that workers can lose their jobs to foreign competition during economic downturns. C) The Keynesian model assumes that the level of real GDP is inflexible. D) The Keynesian model assumes that nominal wages are inflexible downward.
Short-term international investment helps to create a greater level of liquidity, more stable exchange rates, and therefore a decreased likelihood of financial crisis
a. True b. False Indicate whether the statement is true or false
Apple is an American company, but its iPhones are assembled in China. The sale of each iPhone then is counted in US GDP as:
A. consumption. B. an export. C. investment. D. an import.
All of the following can cause technological progress EXCEPT
A) population decreases. B) free trade. C) education. D) research and development.