The demand for computers has risen dramatically at the same time that the unit cost of production has decreased. As a result, we can expect
a. a decrease in price and no predictable impact on output.
b. a definite decrease in price and increase in output.
c. an increase in output with no predictable change in price.
d. no predictable changes in either price or output.
c
Economics
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Economists speaking like policy advisers make
a. positive statements. b. descriptive statements. c. claims about how the world is. d. claims about how the world should be.
Economics
Since the signing of the North American Free Trade Agreement (NAFTA) in 1993:
A. total employment in the United States has slightly declined. B. total employment in the United States has greatly increased. C. Mexican exports to the United States have declined. D. productivity growth in Canada, Mexico, and the United States has stagnated.
Economics