An increase in the market price of a product decreases producer surplus
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Which of the following has been an effect of globalization and a large trade deficit?
a. Increased wages in the tradable sector. b. Increased employment in the tradable sector. c. Decreased employment in the tradable sector. d. Increased wages in the immigrant sector.
Economics
Refer to Figure 4-1. What is the total amount that Kendra is willing to pay for 2 ice cream cones?
A) $1.50 B) $3.00 C) $5.50 D) $6.50
Economics