If the supply and demand for a product both increase at the same time, the equilibrium price and equilibrium quantity of the product will both increase, ceteris paribus.
Answer the following statement true (T) or false (F)
False
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A man-made resource such as a building or a machine is an example of which resource?
A) entrepreneurial ability B) labor C) physical capital D) human capital
The Heckscher-Ohlin Theorem predicts
A) who benefits and who loses from trade. B) which factors are abundant. C) the income distribution effects of trade. D) which goods will be exported.
The United States' current account deficit reached a new high in:
A. 2006. B. 2007. C. 2008. D. 2009.
What effect does the increase of the price of gasoline have on the cost curves of package delivery firms such as Federal Express or United Parcel Service? How might the effects differ for a software firm such as Symantec that uses the Internet?
Please provide the best answer for the statement.