If the demand for hamburgers increases, it is likely that the demand for fast-food employees will
A) increase.
B) decrease.
C) stay the same.
D) increase at first but then fall rapidly.
A
You might also like to view...
A change in the federal funds rate ________ the supply of loanable funds, ________ the long-term real interest rate, and ________ investment
A) affects; affects; affects B) does not affect; does not affect; does not affect C) affects; does not affect; affects D) affects; affects; does not affect E) does not affect; affects; does not affect
A movie theater is a price-discriminating monopolist and charges a higher ticket price for late-evening showings. From this we know that:
A. late-evening moviegoers have less elastic demands than daytime or early-evening moviegoers. B. late-evening moviegoers have perfectly inelastic demand schedules. C. late-evening moviegoers have more elastic demands than daytime or early-evening moviegoers. D. daytime and early-evening moviegoers have perfectly elastic demands.
The shape of the production possibilities curve in the figure above indicates that
A) production of corn is characterized by increasing costs while the production of cloth is characterized by decreasing costs. B) production of both corn and cloth is characterized by increasing costs. C) production of both corn and cloth is characterized by constant costs. D) production of corn is characterized by constant costs and the production of cloth is characterized by increasing costs.
When the government increases its borrowing in the loanable funds market, the likely result is ________ loanable funds traded at a ________ interest rate.
A. fewer; higher. B. more; higher. C. more; lower. D. fewer; lower.