For Which of the Following Pairs of Goods Is the Cross

question 55

Multiple Choice

For which of the following pairs of goods is the cross elasticity of demand positive?

• A) tennis balls and tennis rackets
• B) videotapes and laundry detergent
• C) airline trips and textbooks
• D) beef and chicken

Recognize the historical development of management theories, including contributions from key figures like Henri Fayol and Frederick Taylor.

Acknowledge the significance of the historical perspective in understanding current management practices.

Identify the key functions of management as outlined by classical theorists.

Understand the impact of the human relations movement and labor unions on management practices.

---

Definitions:

Price Regulation

Government-imposed controls on the maximum or minimum allowable prices for certain goods or services, often to protect consumers.

Periodic Blood Testing

Medical tests that are done at regular intervals to monitor an individual's health or the progress of a disease.

Price Regulation

The imposition of controls by a government on the price(s) that can be charged for goods and services in a market.

Lifesaving Drug

A medication that is essential for survival, often used to treat a life-threatening condition or disease.