Contractionary fiscal policy involves:

The cross-price elasticity of demand measures

Positive economics deals with

An increase in the price of gasoline shifts the demand for tires to the

The cross-price elasticity of demand measures

Economics is concerned with the trade-offs that emerge because of scarcity. The term “trade-offs” refers to 

Between the ages of two and seven, children solve problems by pretending.

Physical contact helps create strong emotional bonds.

Two goods are complements when an increase in the price of one good

Please match the correct term with the definition.