Prince is currently consuming some of good X and some of good Y. If good Y is a normal good for Prince, then an increase in his income will definitely cause him to

Economists refer to the "typical" rate of unemployment as the natural rate of unemployment

a. True b. False Indicate whether the statement is true or false

Information products (e.g., software)

A) have relatively high fixed costs but low marginal and average variable costs. B) have relatively low fixed costs but high marginal and average variable costs. C) have relatively high fixed costs and relatively high marginal and average variable costs. D) have relatively low fixed costs and relatively low marginal and average variable costs.