A complement is a good
A) of lower quality than another good.
B) used in conjunction with another good.
C) used instead of another good.
D) of higher quality than another good.
B
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When there is a recessionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; decline B. increase; raise; decline C. decline; lower; expand D. decline; raise; decline
An increase in labor productivity shifts the
A) labor demand curve rightward. B) labor demand curve leftward. C) labor supply curve rightward. D) labor supply curve leftward.
Historically, which of the following has had the highest average annual rate of return?
A) U.S. Treasury bonds B) corporate bonds C) money market mutual funds D) corporate stocks
The internal rate of return of an investment is:
A. zero when the present value of an investment equals its cost. B. the interest rate that equates the present value of an investment with its cost. C. equal to the market rate of interest when an investment is made. D. the same as return on investment.