When two goods are substitutes, their cross price elasticity of demand
A) infinity.
B) 0.
C) negative.
D) positive.
Answer: D
Economics
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The accumulation of investments in people is called
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Refer to the total revenue graph below. Demand is price-elastic between points:
A. A and B
B. D and E
C. F and G
D. G and H
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In a recessionary expenditure gap, the equilibrium level of real GDP is:
A. Less than planned aggregate expenditures B. Greater than planned aggregate expenditures C. Greater than full-employment GDP D. Less than full-employment GDP
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Which of the following is a benefit of economic growth?
A) reduction in illiteracy B) reduction in poverty C) improved health D) all of the above
Economics