If both supply and demand increase at the same time, then
a. the price of the product will definitely increase.
b. the price of the product will definitely decline.
c. the market-clearing quantity of the product will definitely increase.
d. the market-clearing quantity of the product will definitely decrease

If a team of three workers, each making the u.s. federal minimum wage, produced these 12 rugs, what would the total labor cost be? don't forget that these workers would be working overtime.

Why do police officers get paid less than professional baseball players?

Suppose portugal has 700 workers and 26,000 units of capital, and france has 18,000 workers and 700 units of capital. technology is identical in both countries. assume that wine is the capital-intensive good and cloth is the labor-intensive good. which of the following statements is correct if the nations start trading with each other? a) wages will increase in portugal.b) rental rates in france will increase.c) wages in france will decrease.d) rental rates in portugal will increase.