In an economy, spending by households for the purchase of goods and services is called investment

When a country's labor market is in equilibrium in the specific factors model, the wage rate

A) will be the same in both sectors. B) will be higher in the export-competing sector. C) will be higher in the import-competing sector. D) will be higher in the sector where product price is higher. E) will be higher in the sector where product price is lower.

Which of the following can be a signal of product quality to customers?

a. Discounts offered on bulk purchases of the product. b. Gift of complementary products offered to purchasers. c. The information provided by the salesperson about the product. d. A warranty provided along with the product.