If the quantity of donuts supplied is represented by the supply equation QS = -15 + 5P, then to solve for the price of donuts, the equation would be rewritten as

Does the presence in the real world of intraindustry trade prove or disprove the classical or Heckscher-Ohlin models? Explain

What will be an ideal response?

In the wage-setting relation, the nominal wage tends to decrease when

A) the price level increases. B) the unemployment rate decreases. C) unemployment benefits decrease. D) the minimum wage increases. E) all of the above