Author Question: Over the past decade technological improvements that have lowered the cost of producing an ... (Read 88 times)

nevelica · **on:** Jun 29, 2018

Over the past decade technological improvements that have lowered the cost of producing an automobile have increased

A) both the supply and the demand for automobiles.
B) the supply but not the demand for automobiles.
C) the demand but not the supply of automobiles.
D) neither the supply nor the demand for automobiles.

Question 2

The expenditure approach to measuring GDP includes firms' spending on wages.

Indicate whether the statement is true or false