Other things being equal, an increase in wages paid to workers in firms making digital devices will cause
A) the quantity of digital devices demanded to increase.
B) the quantity of digital devices supplied to decrease.
C) the supply of digital devices to decrease.
D) the demand for digital devices to decrease.
C
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If events in a single country cause its economic activity to move up or down through a business cycle, what difference(s) might it make that the economy is closely integrated with other economies in the world?
What will be an ideal response?
Based on the above figure, if countries "A" and "B" faced the production possibilities curves above, both countries would benefit if
A) they did not trade. B) "A" produced industrial goods, and "B" produced agricultural goods. C) "B" produced industrial goods, and "A" produced agricultural goods. D) they both produced both industrial and agricultural goods.