Free trade policies may lead to
A) a decrease in world output.
B) price increases in world markets.
C) some labor sectors experiencing some short-term job loss.
D) none of the above.
C
Economics
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A shortage exists
A) in equilibrium. B) when quantity supplied is greater than quantity demanded. C) when quantity supplied is less than quantity demanded. D) at the market clearing price.
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Advances in production technology typically reduce firms' costs, which increases the quantity supplied at each price
a. True b. False Indicate whether the statement is true or false
Economics