All Giffen goods are
a. inferior goods, and all inferior goods are Giffen goods.
b. inferior goods, but not all inferior goods are Giffen goods.
c. normal goods, but not all normal goods are Giffen goods.
d. normal goods, and all normal goods are Giffen goods.
b
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Using the Gordon growth model, a stock's current price decreases when
A) the dividend growth rate increases. B) the required return on equity decreases. C) the expected dividend payment increases. D) the growth rate of dividends decreases.
Work is an attractive use of your time
a. if the utility of consumption made possible by work exceeds the disutility of work itself b. whenever you are paid a wage equal to or greater than the minimum wage c. whenever you derive utility from the consumption made possible through work d. unless time spent working is a source of disutility e. only when marginal utility is negative for an additional unit of leisure
At least two demand curves are present in an international equilibrium model
a. True b. False Indicate whether the statement is true or false
GDP does not directly measure those things that make life worthwhile, but it does measure our ability to obtain many of the inputs into a worthwhile life
a. True b. False Indicate whether the statement is true or false