Suppose an individual buys a new CD of her favorite musical artist. This purchase has taken place in the
A) labor markets. B) factor markets. C) resource markets. D) product markets.
D
Economics
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If supply of a product increases and demand for the product decreases, equilibrium quantity will definitely change
Indicate whether the statement is true or false
Economics
The labor force is
A) the sum of the employed and unemployed workers in an economy. B) the total number of people in an economy who are over the age of 16. C) the total number of employed people in an economy. D) the percentage of employed people divided by the population.
Economics