Janitors now must be paid a higher minimum wage. (janitors)

The price of ink goes down and paper is a complement. (paper)

In the inelastic region of the demand curve, an increase in the price of the good will lead to:

How should rulers approach the difference between reality and the ideal world, according to Machiavelli?

Which of the following relationships is true in long run perfectly competitive equilibrium for the firm? (Perfect Price Elasticity of Demand)? 

Suppose Crusoe and Friday are stranded on an island. There are two economic goods, coconuts and pineapples. Each person wants one of both goods every day. The time spent gathering each good is given below:   Friday                                                      Crusoe  Coconuts     30 Minutes                        Coconuts     50 Minutes  Pineapples  25 Minutes                        Pineapples  70 Minutes Suppose the terms of trade in the free market are one pineapple for one coconut. Given this information, which of the following is true?

Carl Menger would agree with which of the following?

According to Charles Maurice and Charles Smithson in “The Energy Crisis is Over!” the crisis was caused primarily because:

Which of the following is a reason that Say’s law is fundamental to macro economics?

Which of the following was not an effect of the tariff?