Suppose that there is an improvement in technology in the market for iPhones. Which of the following is TRUE?
A) Supply will increase and the market clearing price will fall.
B) Supply will increase and the market clearing price will rise.
C) Demand will increase and the market clearing price will rise.
D) Demand will increase and the market clearing price will fall.
A
Economics
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According to the Bureau of Labor Statistics, if you voluntarily leave your job to search for another job, then you
A) are eligible for unemployment compensation. B) are classified as a job loser. C) are classified as unemployed. D) may not re-enter the labor force for six months.
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The term "balance of trade" refers to a nation's:
a. goods exports minus imports. b. current account balance. c. capital account balance. d. net balance of all international transactions.
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