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1. Which of the following pairs of goods are likely to be classified as substitutes? Complements? Defend your answer. 1. Peanut butter and jelly 2. Eggs and ham 3. Nike brand and Reebok brand sneakers 4. IBM and Apple Macintosh brand computers 5. Dress shirts and ties 6. Airline tickets and hotels 7. Gasoline and tires 8. Beer and wine 9. Faxes and first-class mail 10. Cereal and milk 11. Cereal and eggs ------ 2. A study found that lower airfares led some people to substitute flying for driving to their vacation destinations. This reduced the demand for car travel and led to reduced traffic fatalities, since air travel is safer per passenger mile than car travel. Using the logic suggested by that study, suggest how each of the following events would affect the number of highway fatalities in any one year. 1. An increase in the price of gasoline 2. A large reduction in rental rates for passenger vans 3. An increase in airfares
1.most people are concerned that wages determined in the labor market are unfair2.most people typically earn the bulk
part-1 firm perspective1. for the below three markets forms answer the following questions i perfectly competitive
suppose 500 people were surveyed and of those 500 450 were working full time. of the 50 not working 10 were full-time
Determine the effects on American wages and purchasing power of continued outsourcing of labor overseas. Find some of the reasons for these trends.
the pizza company is considering entering the marketplace in your community. use the information from the pizza
1 discuss the process of money creation by the commercial banks2 suppose the central bank sells 5 billion worth of
Gillette's shareholders, Chairman and CEO James Kilts indicated, "Despite several new product launches, Gillette's advertising-to-sales declined dramatically . . . to 5.5 percent last year. Gillette's advertising spending, in fact, is one of the l..
Where P is the price of the product and Ps is the price of a substitute good. The price of the substitute good is $2.00. a. Suppose P = $1.00. What is the price elasticity of demand? What is the cross-price elasticity of demand?
1. consumer-driven health plans as a patient write your recommendations to accept or decline at least three types of
email has become an indispensable part of global business. internet customs vary among countries and communications
classify the following studies as descriptive or inferential and explain your reasonsa. a study on stress concluded
What is residential segregation Give a historical perspective and recent trends as to how and why it is changing. What are some of the negative effects of residential segregation
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