Which of the following features are relevant for determining the extent of a market?
A. Its geographical boundaries
B. Technological innovations that would reduce the cost of
production
C. The range of products to be included in it
D. both A and C
E. both A and B
F. both A and C
D. both A and C
Economics
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How do imports affect buyers' consumer surplus?
What will be an ideal response?
Economics
If an economy experiences an increase in its capital stock, everything else constant, then at constant world prices, it will
A) produce more of the labor intensive good and less of the capital intensive good. B) produce more of both goods. C) produce the same amount of both goods. D) produce less of the labor intensive good and more of the capital intensive good.
Economics