What will happen to the demand curve for workers in steel mills if some technology that increases their productivity is introduced assuming all else equal?
A) It will cause a downward movement along the demand curve of the workers.
B) It will cause an upward movement along the demand curve of the workers.
C) It will cause a leftward shift in the demand curve of the workers.
D) It may cause a rightward shift in the demand curve of the workers.
D
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The processes a firm uses to turn inputs into outputs of goods and services is called
A) marginal analysis. B) positive economic analysis. C) technology. D) technological change.
Last week, six Swedish kronor could purchase one U.S. dollar. This week, it takes eight Swedish kronor to purchase one U.S. dollar. This change in the value of the dollar will ________ exports from the United States to Sweden and ________ U.S. aggregate
demand. A) increase; increase B) decrease; decrease C) increase; decrease D) decrease; increase
If government spending and the price level increase, then
A) the interest rate decreases, consumption increases, and investment spending increases. B) the interest rate decreases, consumption declines, and investment spending declines. C) the interest rate increases, consumption declines, and investment spending declines. D) the interest rate increases, consumption increases, and investment spending increases.
Markets can be missing if:
A. there is a lack of technology that would make the exchanges possible. B. there is a ban on the sale of a particular good. C. there is a lack of accurate information between potential buyers and sellers. D. All of these are true.