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The people of a certain Mediterranean village always eat salad with balsamic vinegar and olive oil as dressing. If the olive crop fails one year
The people of a certain Mediterranean village always eat salad with balsamic vinegar and olive oil as dressing. If the olive crop fails one year because of a terrible storm, what will happen to the demand for balsamic vinegar? The demand for balsamic vinegar will decrease because it is a substitute for olive oil. The demand for balsamic vinegar will decrease because it is a complement to olive oil. The demand for balsamic vinegar will increase because vinegar and olive oil are substitutes. The demand for balsamic vinegar will increase because it is a complement to olive oil. Question 21 Mark this question Which of the following statements is true regarding unemployment? People who lost their jobs during the recession experienced cyclical unemployment. It is possible to eliminate natural unemployment. Full employment is natural unemployment minus 100%. Frictional unemployment is because of changes in the economy
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