Purchases of Huggies diapers should
A) increase in recessions and decrease in expansions.
B) decrease in recessions and increase in expansions.
C) remain fairly constant over the business cycle.
D) increase in recessions and remain constant in expansions.
C
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If the demand for cucumbers falls when the price of tomatoes rises, then we know that tomatoes and cucumbers are:
A. substitutes B. normal goods C. inferior goods D. complements
The above figure shows the labor market in an undeveloped nation. If the minimum wage is set at $5.00 per hour, what effect will it have on the market for low-skilled labor?
A) The minimum wage will have no effect when set above the equilibrium wage rate. B) The minimum wage will create a surplus of low-skilled labor. C) The minimum wage will create a shortage of low-skilled labor. D) The minimum wage will attract more labor to the low-skilled labor market and cause the wage rate to fall.
A currency drain occurs because people want to hold some of their money as currency rather than as deposits
Indicate whether the statement is true or false
Corporations are responsible for approximately what percentage of total business revenues?
A) 19 percent B) 50 percent C) 72 percent D) 83 percent