A firm's demand schedule for labor services
A. is independent of the demand for the firm's output.
B. will not change if technology changes.
C. depends on the amount of other inputs used by the firm.
D. is not related to the price of the firm's output.
C. depends on the amount of other inputs used by the firm.
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In the figure above, the dark triangle is the
A) consumer surplus. B) deadweight loss. C) producer surplus. D) total cost. E) economic profit.
Secondary markets make financial instruments more
A) solid. B) vapid. C) liquid. D) risky.
If two nations engage in trade, they will always share equally the gains achieved through specialization
Indicate whether the statement is true or false
Which of the following is correct? When the expected amount supplied exceeds the expected amount demanded, then:
a. Inventories rise, unemployment tends to rise, and prices tend to fall. b. Inventories rise, unemployment tends to fall, and prices tend to rise. c. Inventories fall, unemployment tends to rise, and prices tend to rise. d. It is impossible for these two to be unequal. e. The nation's economy expands.