If an industry introduces a labor-saving technology in production, the demand curve for labor in that industry is likely to:
A) shift to the left.
B) shift to the right.
C) become vertical.
D) become horizontal.
A
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The most commonly accepted objective for a firm is
A) to stay in business at all cost. B) to maximize total revenue. C) to maximize economic profit. D) to minimize the variable cost outlay.
Suppose business decision makers become more optimistic about future economic conditions and desire additional funds to expand their plant capacity. What is the likely effect on the loanable funds market?
a. The demand for loanable funds will increase, and the interest rate will rise. b. The demand for loanable funds will decrease, and the interest rate will fall. c. The supply for loanable funds will increase, and the interest rate will fall. d. The supply for loanable funds will decrease, and the interest rate will rise.
Of the following demographic groups, which has the lowest poverty rate in the U.S.?
A. Families headed by a female with no husband. B. Families in which the "head of the household" has not attained a high-school education. C. Families headed by a male with no wife D. Families in which the "head of the household" has attained at least a bachelor's degree from a college or university.
If Tesla is thinking about building a new factory, it is making a
A. Long-run decision that may enhance its profit. B. Short-run decision that will definitely enhance its profit. C. Short-run decision that may enhance its profit. D. Long-run decision that will definitely enhance its profit.