Hot dogs and hot dog buns are complements. If the price of a hot dog falls, then Question 15 options:
A. the demand for hot dogs will increase.
B. the quantity demanded of hot dogs will decrease.
C. the demand for hot dog buns will increase.
D. the demand for hot dog buns will decrease.
C. the demand for hot dog buns will increase.
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Which of the following statements is used to justify protectionism?
A) Free trade leads to higher prices for imported goods. B) Trade restrictions are not necessary to protect new firms since they can gain experience and become more productive without protection. C) A country should not rely on other countries for goods that are critical to its national defense. D) Free trade increases employment by protecting domestic firms.
Government purchases are included in national product
a. True b. False Indicate whether the statement is true or false