A negative cross elasticity indicates that two goods are complements

The natural rate of unemployment equals

A) structural plus frictional plus cyclical unemployment. B) structural plus frictional unemployment. C) the rate of unemployment we observe in any given period of measurement. D) the rate of structural unemployment.

Assume that a product upgrade strategy adopted by a microwave oven manufacturer increases his marginal cost by $1.50 . If the strategy also increases the demand for the product by $3.50 per unit, total economic value will increase

Indicate whether the statement is true or false