Suppose the demand for good x is given by qdx = 10 + axpx + aypy + amm. from the law of demand we know that ax will be: less than zero. greater than zero. zero. none of the statements associated with this question are correct.

Suppose that a worker in caninia can produce either 2 blankets or 8 meals per day, and a worker in felinia can produce either 5 blankets or 1 meal per day. each nation has 10 workers. for many years, the two countries traded, each completely specializing according to their respective comparative advantages. now war has broken out between them and all trade has stopped. without trade, caninia produces and consumes 10 blankets and 40 meals per day and felinia produces and consumes 25 blankets and 5 meals per day. the war has caused the combined daily output of the two countries to decline by

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. true or false

The green revolution is a scientific breakthrough that improved seeds for basic crops. how did the green revolution impact the supply of basic crops such as wheat and corn? the supply of wheat and corn increased. there was no impact on the supply of basic crops. the supply of basic crops did not change, but the quantity supplied of basic crops increased. the supply of wheat and corn decreased.