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When two goods are complements, the cross elasticity of demand is:A.positive, and for subs

When two goods are complements, the cross elasticity of demand is:

A.positive, and for substitutes the cross elasticity of demand is negative

B.negative, and for substitutes the cross elasticity of demand is negative

C.negative, and for substitutes the cross elasticity of demand is positive

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更多“When two goods are complements…”相关的问题

第1题

When using a perpetual inventory system （).

A.no Purchases account is use

B.a Cost of Goods Sold account is use

C.two entries are required to record a sal

D.all of thes

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第2题

The two “goods” used when economists analyze labor supply are

A、A、work and leisure.

B、B、work and consumption.

C、C、saving and consumption.

D、D、leisure and consumption.

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第3题

When can two countries gain from trading two goods？

A、when the first country can only produce the first good and the second country can only produce the second good

B、when the first country can produce both goods, but can only produce the second good at great cost, and the second country can produce both goods, but can only produce the first good at great cost

C、when the first country is better at producing both goods and the second country is worse at producing both goods

D、Two countries could gain from trading two goods under all of the above conditions.

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第4题

When two goods are perfect substitutes, the

A、indifference curve is a downward-sloping straight line.

B、marginal rate of substitution is not constant.

C、indifference curve is a vertical straight line.

D、indifference curve is a horizontal straight line.

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第5题

In the Heckscher-Ohlin model, when two countries begin to trade with each other ____________.

A、the relative prices of traded goods in the two countries converge.

B、relative factor prices in the two countries diverge.

C、benefits from trade are evenly distributed between the two countries.

D、all factors in both countries will gain from trade.

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第6题

An economy’s production possibilities frontier is also its consumption possibilities frontier

A、under all circumstances.

B、under no circumstances.

C、when the economy is self-sufficient.

D、when the rate of tradeoff between the two goods being produced is constant.

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第7题

He played on the ________ for two hours and when he returned he found half his goods ________ stolen.

A.sands...was

B.sand...were

C.sand...was

D.sands...were

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第8题

When two goods are perfect substitutes, the .（正确答案)B..（错误答案)C.

A、indifference curve is a downward-sloping straight line

B、marginal rate of substitution is constant.

C、Both a and b are correct

D、indifference curve is a vertical straight line

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第9题

A production possibilities frontier is bowed outward when

A、the more resources the economy uses to produce one good, the fewer resources it has available to produce the other good.

B、an economy is self-sufficient instead of interdependent and engaged in trade.

C、the rate of tradeoff between the two goods being produced is constant.

D、the rate of tradeoff between the two goods being produced depends on how much of each good is being produced.

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第10题

The author uses the phrase "from steed to nightgowns" when discussing adverse effects on p

roduction to ______.

A．indicate that a wide variety of goods are affected

B．describe the two products that suffer the most

C．show how increased prices for agricultural products affected other prices

D．support the argument that cities suffer more than agricultural areas

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