If an increase in the price of Good A causes an increase in the demand for Good B, Goods A and B are said to be substitutes

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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An increase in physical capital or a technological advance

A) raises the real wage rate. B) decreases the quantity of labor employed. C) shifts the production function downward. D) decreases demand for labor.

Economics

Poverty and inequality in the U.S. are well below the OECD average

a. True b. False Indicate whether the statement is true or false

Economics