Suppose a Lobster Supper in Nova Scotia Costs Fewer Dollars

question 158

Essay

Suppose a lobster supper in Nova Scotia costs fewer dollars than a lobster supper in Moscow. Explain why this is inconsistent with purchasing-power parity and explain why the inconsistency may exist.

Grasp the use of indefinite pronouns in subject-verb agreement.

Distinguish between compound subjects connected by "and" or "or/nor" and their impact on verb agreement.

Understand how to apply subject-verb agreement in complex sentences.

Understand the appropriate use of subjective pronouns in sentences.

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Definitions:

Complements

are goods or services that are typically consumed or used together, where an increase in demand for one leads to an increase in demand for the other.

Substitute Product

A product or good that a consumer can use in place of another.

Substitutes

Products or services that can be used in place of each other.

Substitutes

Products or services that can be used in place of one another, where an increase in the price of one leads to an increased demand for the other.