Which of the following pairs of goods has a negative cross-price elasticity?

A) Pens and paper notebooks
B) Nokia and Samsung cell phones
C) Compact Disks (CDs) and electronic music files
D) Motorcycles and typewriters


A

Economics

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A price taker is

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The level of real GDP in the long run is called

A) potential GDP. B) short-run GDP. C) frictional GDP. D) low-capacity GDP.

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In the Heckscher-Ohlin model, what assumption is made about opportunity costs?

What will be an ideal response?

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