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USPshnik [31]
3 years ago
15

Match the pairs to their respective categories.

Business
1 answer:
baherus [9]3 years ago
4 0

Answer:

PAIRS OF SUBSTITUTES

tea - coffee  

butter - margarine

petroleum - natural gas

PAIRS OF COMPLEMENTARY GOODS

printer - ink cartridge

 

pen-refill

Explanation:

Substitutes are goods that can replace other goods.   On the other hand, complementary goods go hand in hand with one another.  This implies that while substitutes can be used in isolation, complementary goods cannot be used in isolation of each other.  For example, if one needs a pen, they also require a refill.

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England and Scotland both produce scones and sweaters. Suppose that an English worker can produce 50 scones per hour or 1 sweate
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The opportunity cost of a Scottish worker producing a sweater is 20 scones. This is because in an hour they can produce 2 sweaters or 40 scones. Therefore, for each sweater they lose 20 scones

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